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PORTUGAL: On the 27th of November at 10:00 a.m. (11:00 a.m. CET) IGCP is going
to perform an exchange offer of the Portuguese Government bond (PGB) maturing in
* IGCP buys...ISIN: PTOTEYOE0007- OT 3.85 15 April 2021
Into any combination of 2028 and 2034:
* IGCP sells...ISIN: PTOTEVOE0018 - OT 2.125 17 October 2028 ; ISIN:
PTOTEWOE0017 - OT 2.25 18 April 2034.