Portugal buys back 1.11 bln euros of 2023 and 2024 bonds in reverse auction

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 1 (Reuters) - Portugal bought back 322 million euros ($343.06 million) worth of bonds maturing in October 2023 and 792 million euros of February 2024 bonds on Wednesday in a reverse auction aimed at easing its debt redemption schedule. The IGCP debt agency said offers to sell the bond outstripped the amount repurchased by two times on the 2023 bond and by 1.3 times on the 2024 one. The outstanding amount of the 2023 bond is now 9.70 billion euros and 7.10 billion euros for the 2024 bond. ($1 = 0.9386 euros) (Reporting by Jakub Olesiuk, editing by Andrei Khalip)

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