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©Reuters. Portugal places 1,250 million at 4 and 10 years with higher interest
Lisbon, Sep 14 (.).- The Portuguese Treasury placed this Wednesday 1,250 million euros in 4 and 10-year obligations with higher interest rates, which in the titles with the longest maturity reached a rate of 2.754%.
According to data from the Treasury and Public Debt Management Agency (IGCP), 780 million in 10-year debt were awarded at 2.754% interest, above the 2.33% of the previous comparable auction in June .
Demand exceeded supply by 1.72 times, but was also more moderate than in June (2.68 times).
This Wednesday 470 million in 4-year obligations were also awarded, at an interest of 1.777%.
The rate was much higher than that of a similar issue last April, when debt maturing in 2027 was placed at an interest rate of 0.217%.
Demand exceeded supply by 2.02 times, slightly less than the figure for the April auction (2.04 times).
The amount auctioned today was at the maximum expected by the Treasury and Public Debt Management Agency (IGCP), which expected to place between 1,000 and 1,250 million euros.
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