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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EGB FUNDING UPDATE
- Portugal has kept its PGB/OT and MTN issuance target for 2024 at E16.0bln.
- At the end of June 2024, a total of E14.5bln had been raised from OT issuance - 91% of the annual issuance target.
- This leaves just E1.5bln needing to be raised for the rest of this year.
- Total 2024 borrowing requirements are estimated at E15.9bln, compared to an estimate of E20.4bln in the Q2 funding plan. The decrease comes due to reduced estimates for the overall state deficit and net acquisitions of financial assets.
- 2024 net financing needs are now E7.4bln, versus a Q2 estimate of E11.9bln.
- Total expected net bill issuance has been revised to E3.4bln, versus a Q2 estimate of E4.7bln.
- Full borrowing requirement/financing source breakdown (as of May 2024) in the table below:
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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