Republic of Portugal launches the new OT 3.875% June 15, 2046

New Syndicated EUR 3 bln 20 year benchmark OT issue due 15 June 2046

Last updated on 28 May 2026

The Republic of Portugal (Moody’s A3/Sta, S&P A+/Pos, Fitch A/Pos, DBRS A(High)/Pos, Scope A/Pos) returned to the EUR long-term international capital markets with a € 3 billion syndicated issue of its new 20 year benchmark OT 3.875% bond due 15 June 2046.