THE REPUBLIC OF PORTUGAL Reverse Auction Notice Date: July 12th, 2021. PORTUGAL 5.125% 15Oct2024 USD NOTES ISSUED ON JULY 1, 2014 UNDER THE EUR 15,000,000,000 EMTN PROGRAMME DATED DECEMBER 30, 2013 (144A Notes with the ISIN XS1085738729 and Reg S Notes with the ISIN XS1085735899) The Republic of Portugal acting through Agência de Gestão da Tesouraria e da Dívida Pública – IGCP, E.P.E. ("IGCP”) is pleased to announce a partial reserve notes auction in respect of the Portugal 5.125% 15Oct2024 USD Notes (the 144A Notes with the ISIN XS1085738729 and Reg S Notes with the ISIN XS1085735899) (the "Notes”) in accordance with the following terms and conditions: 1. Scope: buyback part of (and not in full) the Notes through the reverse auction. 2. ISIN: the 144A Notes with the ISIN XS1085738729 and Reg S Notes with the ISIN XS085735899. 3. Eligible Auction Participants: financial institutions that qualify as Treasury Specialized Market Operator (Operador Especializado de Valores do Tesouro) for the purposes of article 20 of Instruction 2/2014, only. 4. Venue: Bloomberg Auction System (BAS). 5. Auction day: July 13th, 2021. 6. Timing: Eligible counterparties are invited to submit their bids on auction day between 1:30 p.m. to 2:00 p.m. Lisbon time (2:30 p.m. to 3:00 p.m. CET time). 7. Procedure: Single-price reverse auction. 8. Target amount: The total target volume that will be purchased will not be predetermined but it will not cover the entire issuance. 9. Minimum bid size: The minimum bid should be not less than USD 1,000,000. 10. Number of bids: Every Eligible Auction Participant may submit more than one bid. 11. Purchase Price: Clean price of an accepted quote plus accrued interest (dirty price).
13. Revision of terms and conditions: The IGCP reserves the right to rescind, alter or add to these terms and conditions as necessary [provided that such changes will not apply to bid applications in the course of processing]. IGCP, E.P.E., July 12th, 2021 |