LISBON, April 19 -- Portugal issued 1.25 billion euros (1.34 billion U.S. dollars) in treasury bonds at three and 11 months on Wednesday at lower interest rates than previous comparable auctions.
The Portuguese Treasury and Debt Management Agency said the country issued 950 million euros in 11 month treasury bonds at an average yield of minus 0.135 percent, less than the minus 0.096 percent in a similar auction on Feb. 15. Demand for 11 month bonds was 1.335 million euros, 1.41 times the amount issued.
The agency issued 300 million euros of 3-month treasury bills at an average yield of minus 0.266 percent, less than the minus 0.219 percent in the previous auction. Demand was 750 million euros, 2.5 times the amount issued.
