Debt agency rolls over €619m in debt maturing in 2021, extends to 2030

  • Lusa
  • 27 March 2019

The Portuguese debt management agency bought back €619 million in treasury bonds, and issued the same amount in bonds maturing in 2030.

Portugal on Wednesday extended the maturity of €619 million in long-term debt, by buying back 10-year treasury bonds maturing in 2021 and selling new ones maturing in 2030, the state debt management agency announced.

According to the IGCP’s page on Bloomberg, the agency bought back €619 million of treasury bonds with a coupon yield of 3.85% maturing on 15 April 2021 at 108.48%, and sold €619 million of bonds with a coupon of 3.875% on maturing 15 February 2030 at 125.40%.

The IGCP has already referred in its financing programme for 2019 to its intention of exploring opportunities to undertake securities trading and repurchases.

On 31 January it had already extended the maturity of €702 million in debt, by swapping 2020 bonds for 2028 bonds.