Portugal once again issued about 1.5 billion euros (US$1.7 billion) in 10-year bonds at a new record low yield of 2.04 percent on Wednesday, Portugal’s debt agency IGCP said.

Investors jumped at the opportunity. Demand exceeded the supply of the bonds by 1.8 times or 2.7 billion euros.

The successful sale follows on the heels of another record low yield issue made on February 11. Then, the country issued 1.25 billion euros in 10-year bonds at a yield of about 2.51 percent, with demand 1.9 times greater than the amount offered.

February was the first time since Portugal’s exit from its international bailout programme last May that the IGCP has held two sovereign bond auctions in one month.

Portugal’s Finance Minister Maria Luis Albuquerque recently announced that Portugal would make an early repayment to the International Monetary Fund of 14 billion euros, taking advantage of low borrowing costs for European peripheral governments.