Wednesday , June 23 2021

Portugal now allocates up to 1,500 million kuna in treasury bills in six and 12 months

The Treasury and Public Debt Management Agency (IGCP) reported that BTs currently in auction are due in May 2019 (six months) and in November 2019 (12 months) and that the total indicative amount is between 1,250 million and 1,500 million euros.

At last comparable auctions, September 19th, Portugal's treasury bills rose 1.400m euros, the lowest since the announced maximum 1.500m euros, with negative interest rates, but increased six to 12 months earlier comparable auctions.

After January 17th came to normal rates, the average interest rates on treasury bills for six and 12 months have risen since then.

Thus, in September, up to 12 months, they had EUR 1,000 million in treasury bills at an average interest rate of -0.270%, again negative, but higher than the one registered on July 18, when EUR 1.350 million was set at -0.280%.

Six months later, EUR 400 million was put into BT, with an average rate of -0.317%, which is less negative as of July 18, when EUR 400 million remained at -0.339%.

On January 17, the average interest rates of BT in six and 12 months reached a fall of -0.425% and -0.398%.

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