Business & Finance

Portugal offers to swap bonds for longer maturities on Friday

Published June 30, 2016 Updated June 30, 2016 01:00pm

1 min

By Shoaib Ur Rehman

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LISBON: Portugal will offer to buy back bonds maturing next year, in 2018 and 2019 on Friday and swap them for longer-dated issues, the state debt agency IGCP said on Thursday.

The agency said it will keep the same net outstanding amount of bonds in the market after the swap operation.

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