LISBON Jan 10 Portugal's IGCP debt agency said
on Tuesday it will issue between 14 and 16 billion euros of
treasury bonds in 2017 and the country's net borrowing needs
will reach 12.4 billion euros.
In the country's financing programme for 2017, IGCP said the
figure for net borrowing this year includes the 2.7 billion
euros the government has alread pre-funded to capitalise
state-owned bank Caixa Geral de Depositos this year.
"The financing strategy for 2017 will be focused on the
Portuguese government bonds curve with regular issuance of
government bonds to promote liquidity and the efficient
functioning of the primary and secondary market," the agency
"Opportunities to perform bond exchanges and buyback will be
further explored," it added.
It said issuance of treasury bills will have no impact on
net financing, adding that it will issue debt under its euro
medium term notes programme "depending on market opportunities
that suit the overall financing strategy."
(Reporting By Axel Bugge)