Back

LatinNews Daily - 28 January 2020

In brief: Argentina places more domestic debt

*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.

End of preview - This article contains approximately 138 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.