Portugal placed 1.75 billion euros (2 billion U.S. dollars) in six- and 12-month treasury bills on Wednesday at average yields more negative than the previous comparable auctions, according to Portuguese Treasury and Debt Management Agency (IGCP).
Portugal placed 1.25 billion euros in 12-month bills at an average yield of minus 0.259 percent, against minus 0.153 percent in the similar auction on May 17.
Portugal also placed 500 million euros in six-month bonds at an average yield of minus 0.292 percent against minus 0.210 percent in the similar auction in the same day.
The demand for the 12-month bills was 1.7 times the amount placed while that for the six-month bills 2.77 times the amount placed.
The IGCP plans to raise 4.5 billion euros through treasury bills auctions between July and the end of September this year.
The agency placed 1 billion euros in 10-year and 28-year bonds last Wednesday.
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