Debt management agency extends maturity of €514 million of treasury bonds

  • Lusa
  • 22 September 2021

The public debt management agency has extended the maturity of €514 million of outstanding Treasury Bonds (OTs) to 2028 and 2034, from 2022 and 2024.

Portugal’s public debt management agency, the IGCP, has extended the maturity of €514 million of outstanding Treasury Bonds (OTs) to 2028 and 2034, from 2022 and 2024, it was announced on Wednesday.

According to the IGCP page on the Bloomberg system, it bought €330 million of OT-2.2%-17Oct2022 at 103.096% and €184 million of OT-5.65%-15Feb2024 at 115.385%.

In the exchange operation, IGCP sold €279 million of OT-2.125%-17Oct2028 at an average price of 116.49% and €235 million of OT-2.25%-18Apr2034 at an average price of 122.73%.

In the previous swap operation in August, the IGCP extended the maturity of €1.361 billion in OTs from 2023 and 2024 to 2028 and 2037.