On the 23rd of April at 10:00 a.m. (11:00 a.m. CET) IGCP, E.P.E. is going to perform an exchange offer of the Portuguese Government bonds (PGB) maturing in 2017 and 2018.
IGCP, E.P.E, buys: ISIN: PTOTELOE0010 – OT 4.35 16 October 2017: EUR 109.825 per EUR 100 nominal; ISIN: PTOTENOE0018 – OT 4.45 15 June 2018: EUR 112.020 per EUR 100 nominal.
Into an equal cash amount of 2024 and 2030 PGB:
IGCP, E.P.E. sells: ISIN: PTOTEQOE0015 – OT 5.65 15 February 2024: EUR 131.220 per EUR 100 nominal; ISIN: PTOTEROE0014 – OT 3.875 15 February 2030: EUR 117.240 per EUR 100 nominal.
To achieve neutral net proceeds for each EUR 1 nominal amount of 2017 and 2018 the following ratios will apply for each combination:
IGCP Sells
IGCP Buys |
OT 5.65 15 February 2024
|
OT 3.875 15 February 2030
|
OT 4.35 16 October 2017 |
0.847384746 |
0.950263219 |
OT 4.45 15 June 2018 |
0.875706185 |
0.982023081 |
For additional information please contact one of our Primary Dealers (OEVT) or Other Auction Participants (OMP).
IGCP, E.P.E, April 22nd, 2015 |