LatinNews Daily - 20 May 2021

In brief: Argentina trumpets new bond issue

* Argentina’s economy ministry has announced that it has successfully placed Ar$259.102bn (US$2.6bn) of new treasury and government bonds on the domestic market, maturing in 2021, 2022 and 2023. This is the second bond issue this month after the economy ministry announced on 5 May that it had placed Ar$53.74bn worth of bonds. This followed three bond issues announced last month as part of the government’s ongoing efforts to raise funds to service the country’s large public debt and absorb excess pesos to reduce demand for US dollars in the currency market.

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