The Treasury and Government Debt Management Agency (IGCP) on Tuesday delayed the recovery of 641 million euros, according to a statement released on Tuesday. This is an operation that relieves the state treasury of obligations for the next three years, postponing payments until 2027.
On Tuesday, IGCP announced that it had exchanged €641 million of Treasury bonds (OT) maturing in 2024, 2025 and 2027 for other bonds maturing in 2027 and 2030.
According to the official page of the institution headed by Miguel Martin, 250 million euros were redeemed in “OT 5.65% on February 15, 2024 at 100.624%, 295 million euros in OT 2.875% on October 15, 2025 at 99.464% and 96 million euros in OT 4.125 % April 14, 2027 at 103.056%”, in exchange the agency sold 280 million euros “OT 0.7% October 15, 2027 at 91.18% and €361 million at OT 3.875% February 15, 2030 at 103.37%”.
The IGCP has already made at least two OT swap offers this year: in the first, on June 28, it extended the maturity of €875 million of OTs with maturities in 2025, 2026 and 2027 to 2032 and 2052. On May 10, IGCP exchanged €875 million in OT maturing in 2024 and 2027 for other bonds maturing in 2032 and 2042.
Meanwhile, interest on Portuguese debt fell on Tuesday over two and five years and rose over 10 years from Monday, exceeding 3% over three terms, according to Lusa.
Author: Raquel Oliveira
Source: CM Jornal
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