Portugal to sell bonds in Q4, issue up to 1.25bn euros per auction

LISBON: Portugal's IGCP debt agency said on Monday it intends to sell bonds of up to a total of 1.25 billion euros per auction in the fourth quarter.

The agency did not say how many auctions it intends to hold, only that they would be held on the second, fourth or fifth Wednesday of the month, as normal.

It also said it has two scheduled T-bill auctions in the fourth quarter, on Oct. 18 and Nov. 15. At the first auction it will issue three- and 11-month bills for a total of up to 1.25 billion euros. At the second aution it will issue up to 1.5 billion euros of six- and 12-month bills.