IGCP Closes a €3 Billion 20-Year Sindicada at 3.875% on an 18× Order Book — Tesouro Marks Off Roughly 60% of the 2026 €24 Billion Funding Programme
The IGCP placed €3 billion of 20-year OT at a 3.875% coupon on Wednesday 28 May, with an order book that closed near €56.5 billion — 18× the deal size. The transaction takes the Republic's 2026 funding plan to roughly 60% of the €24 billion target.