Portugal to hold bond auction on June 11

LISBON: Portugal will offer up to 750 million euros in government bonds next Wednesday in its second bond auction after resuming regular sales in April as it returns to market financing after exiting its international bailout.

The country's debt agency IGCP said on Friday it will offer between 500 million euros and 750 million euros in 5.65 percent February 2024 bonds on June 11. Portugal sold 750 million euros ($1.04 billion) in 10-year bonds on April 23 at record-low yields for a regular auction.

Portugal plans bond auctions across a range of maturities in the second half of the year.