Portugal postpones repayment of 1.7 billion in debt until after 2027 – Obligations
On the one hand, IGCP purchased two-line Treasury bonds (OT) on the market: 16 million euros with a maturity date of October 5, 2323, which were presented on the side with a coupon of 4.95%, in addition to another 1,416 million euros in OT with maturity on 15 February 2024, with an interest of 5.65%.
On the other hand, the agency led by Miguel Martín sold three lines of bonds. 2 million terms 2 million terms 1,020 million terms due on October 15, 20027, 3844 euros from the second line on July 16, 20022.
With this operation, the Treasury not only reduces the cost of financing but also alleviates the pressure on debt repayments. The year 2022 was carried out with the return of 8.4 million euros, usually in debt, which a thousand had been a grand repayment in 2015.
After that, the next repayment wall is on the agenda for October 25, 2023, with the country having another 10,600 from October, to which they add so much in the following year. These are the two amounts that IGCP intends to reduce with the debt swap operation. The highest lift is slated for 2028 – €15,722 million – but the Treasury may still be able to make further exchanges to push distributors to later.
(News updated at 11:05)