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Portugal issues 1.3 bln euros in treasury bonds at lower yields

Xinhua, August 18, 2016 Adjust font size:

Portugal issued 1.3 billion euros (1.4 billion U.S. dollars) in 11 and three-month treasury bonds on Wednesday at lower yields than in previous auctions, the Portuguese Treasury and Debt Management Agency said.

The debt agency issued 900 million euros in 11-month bonds at a yield of 0.007 percent, lower than the 0.146 percent in the similar auction carried out on June 15 this year.

Portugal also issued 400 million euros in three-month bonds at a yield of minus 0.108 percent, lower than the 0.075 percent in the similar auction carried out on June 15 this year.

The demand was more than the agency's prediction of between 750 million and 1 billion euros in bonds. (1 euro = 1.13 U.S. dollars) Endit