Ministry of Finance (MINFIN) announced on Monday (15) the execution on the 12th of this month of an operation of active liability management of State, technically called swap.
In a press note sent to Angop, the institution said that the move is part of the risk reduction and improvement of the profile of the securitised public debt.
It added that the operation entailed the replacement of a set of 32 Exchange rate-linked Treasury Bonds, as well as Non-Adjustable Treasury Bonds (OTNR) maturing in 2023 and 2024 by OTNR with maturities of 4, 6, 8 and 10 years.
The source noted that approximately USD180 million in index-linked bonds were replaced by OTNR.
While index-linked bonds with average maturity of 2 years were replaced by an OTNR portfolio with a maturity of 4,6, 8 and 10 years, thus obtaining an average maturity of 6.4 years.
The strategy of active management of public debt, it stresses, aims at carrying on the BODIVA as the preferred market, as established in the Annual Debt Plan (PAE) of 2022, raising the possibility of national and international operators participating in these events.