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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.
PORTUGAL
Portugal's IGCP provides a financing update for the 3rd quarter:
- Sees 2023 net financing needs at E10.6bln vs E1.8bln initial estimate
- Expects PGB issuance of E14.2bln in 2023 (E1bln less than Q2's estimate)
- Expects bill issuance of net negative E0.8bln (vs Zero seen in Q2's estimate)
- Notes has issued E7.7bln of PGB through May (54% of current issuance target)
- Plans to issue bonds in Q3 via syndication and auctions, with issuances between E1-1.25bln (est bond issuance dates on 2nd or 4th Weds of each month: Jul 12 /26, Aug 9/23, Sep 6 / 20)
- Will issue bills on Jul 19 and Sep 23, details below
Source: IGCP
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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