LISBON, May 26 (Reuters) - Portugal sold 1 billion euros in 2015 bonds on Wednesday, at the top of its indicative offer range, with yields rising slightly and demand staying at the solid levels seen in the previous auction in February.
The indicative amount had been between 500 million euros and 1 billion euros.
Following are the details of the bonds sold by the the Portuguese Institute for Public Credit Management (IGCP):
(Previous) Auction date: 26/05/10 24/02/10 Maturity 15/10/15 15/10/15 Settlement date: 31/05/10 01/03/10 Avg. yield (pct) 3.701 3.498 Avg. price (pct) 98.30 99.24 Highest yield (pct) 3.754 3.506 Lowest yield (pct) 3.636 3.485 Tail 0.053 0.008 Total bids 1.834 bln 1.841 bln Allotment 1.000 bln 1.000 bln Bid-to-cover ratio 1.8 1.8 Outstanding after auction 8.639 bln 7.626 bln
For more information about the auction please click on IGCP09.
(Reporting by Andrei Khalip and Shrikesh Laxmidas)