Debt agency to swap 2024, 2027 Treasury bonds for 2032, 2042 ones
In addition to having a shorter maturity, the bonds that IGCP is offering to investors have higher yields than the bonds that it intends to sell to them.
Portugal’s state debt agency, the IGCP, is offering to swap Treasury bonds maturing in 2024 and 2027 for others maturing in 2032 and 2042, it was announced on Tuesday.
In a news release, the IGCP said that it would buy “OT – 5.65% 15feb2024” and “OT – 4.125% 14abr2027” from investors and sell them “OT 1.65% 16jul2032” and “OT 1.15% 11abr2042”.
In addition to having a shorter maturity, the bonds that IGCP is offering to investors have higher yields than the bonds that it intends to sell to them.
