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LISBON: Portugal's IGCP debt agency will carry out a bond swap on Wednesday, offering to buy bonds maturing in June 2020 and April 2021 in order to reduce its interest payments and extend the duration of its debt burden.

The agency said in a statement in Tuesday that in exchange for the shorter-dated bonds it will offer to sell government debt due in Oct. 2023 and April 2027.

Copyright Reuters, 2018
 

 

 

 

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