Portogallo, tassi in netto rialzo in asta, solido bid-to-cover

mercoledì 22 settembre 2010 12:02
 

 LISBON, Sept 22 (Reuters) - Portugal sold 750 million euros
($996.9 million) in 4- and 10-year bonds on Wednesday, at the
bottom of the initially indicated offer, with yields rising in
both maturities following higher borrowing costs at Ireland's
and Spain's debt sales the previous day.     
 The Portuguese Institute for Public Credit Management (IGCP)
had set the total indicative amount for both bonds at between
750 million euros and 1 billion euros.     
 Following are the details of the auctions:           
 JUNE 2020 4.8 PCT BOND  
                                     (Previous)  
 Auction date:              22/09/10        25/08/10 
 Maturity                   15/06/20        15/06/20 
 Settlement date:           27/09/10        30/08/10  
 Avg. yield (pct)           6.242           5.312  
 Avg. price (pct)           89.70           96.15  
 Highest yield (pct)        6.251           5.332  
 Lowest yield (pct)         6.218           5.284  
 Tail                       0.009           0.02   
 Total bids                 1.472 bln       1.177 bln 
 Allotment                  300 mln         672 mln 
 Bid-to-cover ratio          4.9             1.8 
 Outstanding after auction  7.167 bln       6.867 bln      
 OCT 2014 3.6 PCT BOND:       
                                          (Previous) 
 Auction date:              22/09/10        28/07/10 
 Maturity                   15/10/14        15/10/14 
 Settlement date:           27/09/10        02/08/10  
 Avg. yield (pct)           4.695           3.621  
 Avg. price (pct)           96.04           99.91  
 Highest yield (pct)        4.718           3.649  
 Lowest yield (pct)         4.650           3.582   
 Tail                       0.023           0.028  
 Total bids                 1.556 bln       1.876 bln 
 Allotment                  450 mln         600 mln     
 Bid-to-cover ratio          3.5             3.1        
 Outstanding after auction  6.436 bln       5.986 bln
    
 For more information about the auction please click on
IGCP09.  ($1=.7523 Euro)  
 (Reporting by Axel Bugge, Shrikesh Laxmidas)