Portugal issues €3 billion in 20-year syndicated bond at 3.9% yield (eco.sapo.pt)

• Volume: €3 billion, 20-year maturity
• Yield: 3.9%, spread 67 bps
• Demand: €54 billion (18x oversubscribed)

"Portugal closed a 20-year syndicated bond issuance of €3 billion, priced at 67 basis points over the 20-year mid-swap rate, resulting in a yield of 3.9%. Demand reached €54 billion, 18 times the offer."