Portugal Sells EUR3 Billion in New June 2054 Government Bond

By Emese Bartha

Portugal issued 3 billion euros ($3.26 billion) in new 30-year government bonds with maturity in June 2054 via a bank syndicate on Wednesday, one of the joint bookrunner banks said.

Final books exceeded EUR10.9 billion, including EUR950 million in joint lead manager interest, the same bank said. The final book size is smaller than the volume indicated during the bookbuilding process.

The spread on the bond was set 115 basis points above mid-swaps, the same bank said.

Joint bookrunners of the transaction were BBVA, BNP Paribas, BofA Securities, Deutsche Bank, NovoBanco and Santander.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

05-22-24 0830ET