Portugal postpones debt repayment

Portugal has postponed the repayment of €641 million to 2027 and 2030.

The Portuguese debt and treasury management agency IGCP undertook its third debt exchange operation this year on Tuesday.
According to market data, the operation resulted in the postponement in repaying €641 million that would have matured between 2024 and 2027 to October 2027 and February 2030.
It means that for these two years Portugal have a larger amount of debt to repay on its treasury bonds.