By Emese Bartha

Portugal's net financing needs are expected to amount to around 11.9 billion euros ($13.02 billion) in 2024, the Portuguese debt agency said in its borrowing plan for next year on Thursday.

The debt agency has penciled in gross government bond issuance of EUR13.9 billion, to be issued via auctions and syndicated transactions, it said.

Treasury bill issuance should have a positive impact of EUR6.1 billion in net financing, the debt agency said.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

December 21, 2023 04:55 ET (09:55 GMT)