Portugal repurchases US$268 million debt

  • ECO News
  • 20 October 2021

With this operation, the IGCP, led by Cristina Casalinho, lowered the outstanding balance of this issue in dollars made in 2014 to around US$3.1 billion.

Portugal went to the markets this Wednesday to repurchase an early US$268 million in debt issued in US currency and maturing in 2024.

With this operation, the IGCP, led by Cristina Casalinho, lowered the outstanding balance of this issue in dollars made in 2014 to around US$3.1 billion, after having carried out a similar operation in July and through which it anticipated repayments of US$1.12 billion.

These treasury bonds were issued in July 2014 and only mature in three years. For these bonds, the country pays a coupon of 5.125%