Portugal returned to the debt market with an issuance that raised 1.6 billion euros at rates above 3%, in a context of strong turbulence in the financial markets. The Institute for Treasury and Public Credit Management (IGCP), the entity responsible for managing Portuguese public debt, carried out this operation.
The interest rate applied in this nine-year issuance was set at 3.632%, which represents the highest rate since March 2017. This value reflects the worsening financing conditions for Portugal in the current context of market uncertainty.
The operation took place amid turbulence in the markets, which contributed to the increase in the cost of Portuguese financing. The IGCP's return to the debt market comes at a time when investors require higher returns to invest in Portuguese debt securities.



