eneral disclaimer

The information and the documents to which this website and the following pages give access are for information purposes only and do not constitute an offer nor an invitation to subscribe to or to purchase securities or any other investment product. 

The Information is exclusively directed to persons who are residents in a jurisdiction in which an offer, a solicitation or sale of Portuguese Government Securities would be lawful and who are entitled to receive such Information.

The users of this information are requested to inform themselves about and to observe any such restrictions.

Selling Restrictions

The Republic of Portugal's securities cannot be offered or sold in the United States without registration under the U.S. Securities Act of 1933, as amended (the Securities Act), or pursuant to an exemption from such registration.  The Republic of Portugal has not registered, nor does it intend to register, any of its securities under the Securities Act or to conduct a public offering of securities in the United States.