BUENOS AIRES (Reuters) – Argentina’s Economy Ministry said on Tuesday it had managed to extend the maturities of around 3 trillion pesos ($16.8 billion) in debt after conducting a debt swap that drew strong interest from banks bumped.
The bonds, originally due to mature in the first quarter of 2023, have been rolled over at various points later this year and next, the ministry said in an internal report.
The swap included debts of 1.1 trillion pesos maturing in January, 1.2 trillion pesos maturing in February and 2 trillion pesos maturing in March, with amortizations of 0.39 trillion pesos , 0.42 trillion and 0.6 trillion pesos respectively.
This is the third swap operation during Economy Minister Sergio Massa’s tenure amid a severe economic slump fueled by high inflation, which is estimated to have reached around 100% in 2022.
Banks participating in the swap included private Banco Santander, Galicia and Macro, among others.
The next auction of titles in the domestic market is scheduled for January 18th.
($1 = 178.3600 Argentine pesos)
(Reporting by Jorge Otaola; Editing by Stephen Coates)
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