Portugal places 3,000 million over 10 years with a rise in interest

Lisbon, Apr 6 (.).- The Portuguese Treasury placed 3,000 million euros in a syndicated issue of 10-year bonds at an interest rate of 1.67%, above previous similar bids, and with a strong demand.

According to data released this Wednesday by the Treasury and Public Debt Management Agency (IGCP), demand reached 15,000 million euros, “despite the high volatility of the market.”

A year ago, the Portuguese Treasury made a similar syndicated issue, of 10-year debt, and the interest rate was much lower, at 0.3%.

In addition, in January of this year Portugal placed another 3,000 million in a syndicated issue of obligations with a longer maturity, at 20 years, and the interest was also lower than that of this Wednesday (1.185%).

The IGCP reported that 85.2% of today’s issuance was placed with foreign investors, mainly from France, Italy and Spain (31.1%); Germany, Austria and Switzerland (22.7%) and the United Kingdom (14.1%).

By type of investor, 49% remained in the hands of private banks; 31% were placed with asset managers; 10% in hedge funds, and 6% in central banks and official institutions, among others.