Portugal has completed approximately 60% of its 2026 bond issuance plan, with subscriptions for the new 20-year government bond exceeding 56.5 billion euros.

(1) Portugal's debt agency announced that it has completed approximately 60% of its €24 billion 2026 government bond issuance plan through a syndicated transaction on Thursday. (2) The agency sold €3 billion worth of newly issued bonds maturing in June 2046, with a coupon rate of 3.875%, priced at 99.477, yielding 3.913%. This is Portugal's second syndicated transaction this year; the first was a €4 billion, 10-year new bond issued in January, maturing in June 2036. (3) The final subscription size of this new 20-year bond exceeded €56.5 billion.