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Portugal auctions 1-bln-euro short-term bonds

English.news.cn   2014-08-21 10:28:27

LISBON, Aug. 20 (Xinhua) -- Portugal auctioned 1 billion euros in short-term bonds on Wednesday at lower yields than in previous auctions, Portuguese Treasury and Debt Management Agency (IGCP) said.

The three-month bonds worth 200 million euros were issued at a yield of 0.097 percent, lower than a similar auction on June 18 when it auctioned 500 million euros at 0.18 percent.

The 12-month bonds worth 800 million euros were auction at a yield of 0.216 percent, about half as much as that in July.

It is the first time for Portugal to auction the short-term bonds since the debt-ridden country rescued its largest private bank Banco Espirito Banto on Aug. 3 with 4.9 billion euros owing to its fraud and money laundering.

The move demonstrated that Portugal, which exited from the 78-billion-euro bailout program with its international lenders in May this year, has strengthened investors' confidence after the bank rescue.

(1 euro approximately equals to 1.33 U.S. dollars)

Editor: Shen Qing
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