*Argentina’s economy ministry has reported that it has successfully placed Ar$18.7bn (US$297m) worth of treasury bonds (Lebads) in the domestic market. This is the second Lebad issue this month as the government seeks to extend the maturities of the short-term domestic debt and raise funds to service its outstanding overall debt, as it prepares to renegotiate its sizable foreign debt. According to a ministerial statement, there were two Lebads on offer one expiring in May and the other in August, which offered variable interest rates of up to 37.05%. The letters were oversubscribed, with the ministry receiving purchase orders totalling Ar$20.29bn. The successful operation came as Economy Minister
Martín Guzmán is currently in New York City to discuss the renegotiation of the debt held by foreign investors and the International Monetary Fund.
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