May 10 (Reuters) - Portugal bought back 353 million
euros ($389 million) worth of bonds expiring in 2024 and 522
million euros of 2027 bonds on Wednesday, swapping them for
longer maturities as it seeks to ease its debt redemption
schedule amid rising borrowing costs in Europe.
The IGCP debt agency said it used the proceeds from the
newly-issued bonds maturing in 2032 and 2042 to pay for the
buyback.
($1 = 0.9084 euros)
(Reporting by Joao Manuel Mauricio in Gdansk, editing by Andrei
Khalip)
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