Portugal issued €4bn in 10-year bonds

  • ECO News
  • 10 January 2019

BBVA, BNP Paribas, Credit Agricole, Morgan Stanley and Novo Banco will support the operation. Robust demand from investors reached €24 billion.

Portugal’s debt management agency IGCP on Wednesday issued 10-year treasury bonds worth €4 billion, Bloomberg noted.

The treasury bonds were traded at a spread of 112 points above the market rate, Bloomberg said.

Demand reached €24 billion, almost five times the value of the issuance.

Banks involved in the operation included BBVA, BNP Paribas, Credit Agricole, Citi and Morgan Stanley.

The long-term debt securities have a maturity date of 15 June 2029.