DOW JONES NEWSWIRES
Portugal's Treasury and Government Debt Agency sold EUR1.075 billion of three- and nine-month treasury bills at auction Wednesday, it said.
The amount sold is slightly above the combined target volume of EUR1 billion.
The following are details of the auction, with amounts in euros. Figures in brackets are data from the previous auction of three-month t-bills, held Dec. 16. Portugal hasn't conducted nine-month t-bill auction lately.
Issue three-month t-bills Maturity July 23, 2010 Amount on offer 500 mln Bids received 1.375 bln Bids accepted 575 mln Bid-to-cover ratio 2.4 (1.7) Average yield 0.476% (0.414%) Average price 99.880 (99.895) Maximum yield 0.490% (0.432%) Minimum price 99.876 (98.891) % of bids allocated at lowest price 100.00% (100.00%) Settlement day April 23, 2010 Issue nine-month t-bills Maturity Jan. 21, 2011 Amount on offer 500 mln Bids received 885 mln Bids accepted 500 mln Bid-to-cover ratio 1.8 Average yield 1.079% Average price 99.188 Maximum yield 1.098% Minimum price 99.174 % of bids allocated at lowest price 100.00% Settlement day April 23, 2010
Web site: www.igcp.pt
Copyright 2009 Dow Jones Newswires
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