Euronext Lisbon is issuing new floating rate treasury bonds (OTRV) on 18 July, maturing in July 2031.
The offering received a total €612 billion, €423 billion of which came from the public subscription. Most of the 24,149 retail investors placed orders between €11k and €30k. The remainder of the offers came from the public exchange offer for those holding the ‘OTRV julho 2025’ bonds.
Isabel Ucha, CEO of Euronext Lisbon, commented, “The admission to trading of this bond diversifies the investor base for Portuguese government bonds, while offering a secure and transparent additional avenue for savings.”
This plays into the broader European Savings and Investment Union (SIU), which the European Commission hopes will increase participation in EU markets and improve the region’s competitive capabilities.
READ MORE: EC’s SIU consultation – welcome but challenging
Ucha continued, “By providing retail investors with access to a liquid, listed sovereign bond, this issuance promotes financial inclusion and broadens participation in the capital markets, offering more people the opportunity to directly support the country’s economic future through their investment decisions.”
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