Portugal to offer 10-year bonds

Portugal will offer up to 1.25 billion euros in 10-year debt next Wednesday in its second bond auction this month, the state debt agency IGCP said on Friday as yields on the benchmark bond were near record lows in the secondary market. The indicative offer range in the auction is between 1 billion euros and 1.25 billion euros, the IGCP said. The bonds, maturing in October 2025, carry a coupon of 2.875 percent. On February 11, it sold all 1.25 billion euros in 10-year bonds on offer at a record low yield for a debt auction.