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LISBON: Portugal on Wednesday bought back 742 million euros ($829 million) of bonds expiring in April 2021, and sold an equal amount of July 2026, bonds in an exchange offer, taking advantage of record low yields to lengthen the country's debt profile.

Portugal's IGCP debt agency said it bought back April 2021 debt paying 108.03pc and placed the longer maturity at 116.55pc.

Copyright Reuters, 2019

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