On the 1st of July 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, 2018 and 2019.
IGCP, E.P.E, buys: ISIN: PTOTELOE0010 – OT 4.35 16 October 2017: EUR 105.104 per EUR 100 nominal; ISIN: PTOTENOE0018 – OT 4.45 15 June 2018: EUR 107.38 per EUR 100 nominal; ISIN: PTOTEMOE0027 – OT 4.75 14 June 2019: EUR 110.21 per EUR 100 nominal.
Into an approximately cash neutral amount of 2025 and/or 2037 PGB:
IGCP, E.P.E. sells: ISIN: PTOTEKOE0011 – OT 2.875 15 October 2025: EUR 100.03 per EUR 100 nominal; ISIN: PTOTE5OE0007 – OT 4.1 15 April 2037: EUR 103.81 per EUR 100 nominal.
To achieve approximately neutral net proceeds for each EUR 1 nominal amount of 2017, 2018 and 2019 the following ratios will apply for each combination:
IGCP Sells
IGCP Buys |
OT 2.875 15 October 2025
|
OT 4.1 15 April 2037
|
OT 4.35 16 October 2017 |
1,059998 |
1,033542 |
OT 4.45 15 June 2018 |
1,054063 |
1,027755 |
OT 4.75 14 June 2019 |
1,082069 |
1,055062 |
For additional information please contact one of our Primary Dealers (OEVT) or Other Auction Participants (OMP).
IGCP, E.P.E, June 30th, 2016 |