Portugal sold a total of 1.13 billion euros ($1.32 billion) of 10- and 17-year bonds in an auction on Wednesday, state debt agency IGCP said.

Portugal sold a total of 1.13 billion euros ($1.32 billion) of 10- and 17-year bonds in an auction on Wednesday, state debt agency IGCP said.

The allotment yield on the 10-year bond, of which the IGCP sold 621 million euros, fetched 3.059%, up from 3.003% in the previous auction in June. The 17-year debt yielded 3.637%, also up from last February's 3.342%. The IGCP sold 510 million euros worth of the 17-year bonds.

Demand exceeded the amount placed by 1.57 times on the shortest maturity, and by 1.74 times on the longer one.


Portugal's benchmark 10-year bond yielded 3.082% in the secondary market on Wednesday. ($1 = 0.8540 euros)