IGCP, the Institute for Treasury and Public Credit Management, plans to raise between 1,000 and 1,250 million euros through a short-term debt auction. The maximum indicative amount for this operation is 1,250 million euros.
The financial instrument in question is Treasury Bills (BT), which are short-term debt securities. In this specific issuance, the BT will have a one-year maturity, meaning the period for which the State is borrowing this money is 12 months.
The auction is scheduled for next Wednesday, the date on which these debt securities will be auctioned to institutional investors. This operation is part of Portugal's regular financing strategy through the public debt market.
With this auction, IGCP aims to secure financing for the State's treasury needs, resorting to the primary market for short-term debt securities.




