By Emese Bartha

Portugal's debt agency IGCP will conduct a government bond exchange operation on Wednesday, it said Tuesday.

In the operation the debt agency will buy 2.20% October 2022- and 5.65% February 2024-dated bonds, and it will sell 2.125% October 2028- and 2.25% April 2034-dated bonds, it said.

Bond exchange operations are cash neutral and aim to reduce redemptions in coming years.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

September 21, 2021 08:47 ET (12:47 GMT)