LatinNews Daily - 10 March 2023

In brief: Argentina completes domestic debt swap

*Argentina’s economy ministry has announced that it has swapped Ar$4.34trn (US$21.66bn) in domestic debt in loans due to mature in March, April, May and June. The swap exchanges old debt for new bonds maturing in 2024 and 2025, according to an economy ministry statement. On Twitter, finance secretary Eduardo Setti stated the aim of the debt swap was to “extend the short maturity profile to the middle and long end of the curve”, which he said would “reduce market uncertainty and volatility, and improve the conditions of confidence and predictability of the Treasury’s financing”.

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