International Group for Cooperative Pursuits (IGCP) conducts auctions to generate funds, potentially amassing a debt of approximately 1.250 million dollars.
Updated Statement from IGCP: Treasury Bond Details
Hey there! Got a juicy bit of financial news today. The IGCP - Treasury and Public Debt Management Agency cleared up a few things about the Treasury Bonds (TB) we've been hearing about. They're referring to the "1.65% TB 16Jul2032" (roughly seven years) and the "4.1% TB 15Feb2045" (around 20 years).
Now, here's the interesting part - the IGCP didn't bother with auctions this year for TBs with maturities resembling these two.
Let's rewind a bit. The last TB auction was on April 9, where the IGCP put out 1.047 billion euros, falling short of the indicative maximum, in 5-year and 12-year TBs at interest rates of 2.347% and 3.416%, respectively.
"3.875% TB 15Feb2030" (approximately five years) saw a placement of 461 million euros at an interest rate of 2.347%, with demand surging to 1.041 billion euros, twice the amount placed.
In two auctions on March 12, the IGCP again placed 1.1 billion euros, still below the indicative maximum, this time in 10-year and 13-year TBs at interest rates of 3.381% and 3.633%, respectively.
"3% TB 15Jun2035" (approximately 10 years) saw a placement of 563 million euros at an interest rate of 3.381%, with demand mounting to 1.119 billion euros, nearly twice the amount placed.
"3.5% TB 18Jun2038" (approximately 13 years) saw the IGCP placing 537 million euros at an interest rate of 3.633%, with total demand reaching 1.062 billion euros, just shy of double the amount placed.
Now, why didn't they auction off these specific maturities this year? Well, the info's a bit scarce, but there could be several reasons: market conditions, funding needs, risk management, or regulatory or strategic decisions. These are just theories, though. For concrete details, it'd be best to consult the horse's mouth - the IGCP or relevant financial authorities.
Oh, and speaking of horses and mouths, don't forget to check out the latest on Diogo Costa's doubtful future, just 48 hours before Boavista-FC Porto. Stay tuned, folks! 😉
- The IGCP's latest statement revealed that they didn't auction Treasury Bonds (TB) this year with maturities similar to the "1.65% TB 16Jul2032" and the "4.1% TB 15Feb2045."
- The last TB auction held by the IGCP was on April 9, where they put out 1.047 billion euros, with the nearest maturity being the "3.875% TB 15Feb2030."
- In the financial world, the IGCP isn't just about Treasury Bonds (TB); they also play a crucial role in managing the country's Port, as well as managing the national Treasury.
- If you're interested in investing, it's important to keep tabs on the IGCP's strategies, such as their decisions on Treasury Bond (TB) maturities, as these can impact the overall business and finance landscape.