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Portugal swaps 702mn euros of 2020 bonds for 2028 maturity

LISBON: Portugal on Thursday swapped 702 million euros ($806 million) of government debt expiring next year for Octo
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By Shoaib Ur RehmanReuters
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LISBON: Portugal on Thursday swapped 702 million euros ($806 million) of government debt expiring next year for October 2028 bonds, extending the maturities of its debt profile and taking advantage of a recent sharp fall in long-term bond yields.

The IGCP debt agency said it bought back June 2020 debt paying 106.87 percent and placed 2028 bonds at 105.67 percent.

Copyright Reuters, 2019
 

 

 

 

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