Portugal sells 915 mln euros of 2032, 2035 bonds, yields rise

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 8 (Reuters) - Portugal sold a total of 915 million euros ($964.59 million) of 2032 and 2035 bonds, just below the maximum amount of 1 billion euros on offer in an auction on Wednesday, the state debt agency IGCP said. The allotment yield on the bond maturing in 2032 rose to 3.549% from 3.172% in the previous auction of the same maturity in February, while the 2035 bond yielded 3.744%, which compares to just 1.154% in the last auction of a similar maturity a year ago. The IGCP sold 397 million euros of the 2032 maturity and 518 million euros of the 2035 bond, with demand exceeding the amount placed by 2.58 times on the shorter maturity and by 2.27 times on the 2035 one. ($1 = 0.9486 euros) (Reporting by Joao Manuel Mauricio in Gdansk, editing by Andrei Khalip)

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