Portugal's IGCP to Auction Treasury Bills with 11-Month Maturity

The Portuguese Treasury and Public Debt Management Agency (IGCP) is scheduled to conduct an auction of Treasury Bills (BT) today. The bills will have a maturity of 11 months, with the total amount offered ranging between 750 million and 1 billion euros. The IGscheduled another BT operation for this quarter, in addition to today's auction, which is planned for March 19th, according to the calendar published on the entity's website. The institution anticipates that the net funding needs of the State in 2025 should be around 18 billion euros. The entity expects that the net financing from the issuance of Treasury Bills will have a positive impact of 4.6 billion euros in 2025.