Portugal to hold last bond sale of 2016 on Wednesday

LISBON: Portugal will offer up to 750 million euros ($794 million)in 5-year bonds in a regular auction on Nov. 23, which will conclude the country's bond issuance programme for the year, state debt agency IGCP said on Friday.

The indicated offer range in the auction is between 500 million and 750 million euros.

The maximum amount is slightly smaller than 1 billion euros cited by the Treasury earlier this month as the amount still to be raised this year, which was before a recent spike in European bond yields following the US election.