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Government Pitch Peso Debt Swap That May Top $71bln: BBG

ARGENTINA
  • Argentina’s government is proposing a debt swap to banks that could top as much as $71 billion for peso notes due this year with the aim of postponing maturities and reducing the financial deficit to zero, Bloomberg report.
  • Bloomberg write "Economy Minister Luis Caputo and Finance Secretary Pablo Quirno met Thursday afternoon with representatives of local and foreign banks operating in Argentina to present the plan, according to four people with direct knowledge of the matter. They said they will issue new peso bonds in February to swap for the 2024 maturities."

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