Interest will be paid twice a year, with a minimum investment of 1000 euros and the maturity scheduled for July 2031. The emission takes place until the 15th.
For the first time in seven years, the Portuguese State, through the Treasury and Public Debt Management Agency (IGCP), will issue a new series of Variable Yield Treasury Obligations (OTRV), with maturity scheduled for July 2031. capture up to billion euros with private investors.
These obligations offer a semiannual compensation indexed to Euribor for six months, plus a fixed prize of 0.25%. Interest will be paid twice a year, on January 18 and July 18, allowing subscribers to receive regular income during the period of force, explains the.
O minimum investment is 1000 euroswith a maximum limit of one million euros per investor. Unlike aforro certificates – whose F series saw its rate fall this month to 2.011% – OTRV are transacible instruments in the secondary market, being admitted to negotiation at Euronext Lisbon from July 18. This feature gives them greater liquidity and flexibility, allowing investors to sell securities before maturity.
According to the IGCP, the issuance of these obligations aims to diversify the available public debt instruments and lengthened investigators of the Portuguese Republic. “OTRV are created for the purpose of boosting the public debt market through the diversification of distribution instruments and channels,” says the entity in his statement.
The subscription will be made through various banking institutions operating in Portugal, being subject to the payment of commissions associated with negotiation, the custody of the securities and the processing of interest and reimbursements. The details of these expenses are described in the Memorandum of information provided by the IGCP.
With this new offer, the State seeks to attract investors Private in a context of variable interest rates, offering an alternative to traditional savings in products such as aforro certificates, now with more modest income.
