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© Reuters. Portugal places 915 million in debt at nine and twelve years at higher interest
Lisbon, March 8 (.).- The Portuguese Treasury placed 915 million euros in nine- and twelve-year debt this Wednesday with higher interest rates than in previous auctions, which exceeded 3.5% in both cases.
518 million in twelve-year titles were awarded at an interest rate of 3.744%, with a demand that exceeded the supply by 2.27 times, according to data from the Treasury and Public Debt Management Agency (IGCP).
That rate is well above the 1.154% that was registered in the previous auction at that expiration, in April 2022.
This Wednesday, 397 million in nine-year debt were also awarded, at an interest of 3.549% and with a high demand, which exceeded the offer by 2.58 times.
The rate was also higher than that of an issue of the same line of obligations last February, when they were placed at an interest of 3.172%.
The amount auctioned this Wednesday was within the range provided by the Treasury and Public Debt Management Agency (IGCP), which expected to place between 700 and 1,000 million euros.
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