PARIS (MNI) – Portugal’s IGCP debt management agency will execute a
bond exchange on Wednesday, offering to buy bonds maturing in September
2013 and sell bonds maturing in October 2015.
The offer, which was announced on the agency’s Web site, will be
Portugal’s first move to sell bonds since it sought an international
bailout in May 2011.
The move to re-enter the markets through a bond swap follows an
example set by Ireland in January, when it successfully engineered a
E3.5 billion swap deal.
–Paris newsroom, +33142715540; jduffy@marketnews.com
[TOPICS: M$$CR$,M$X$$$,MFXBO$,M$P$$$,MGX$$$]