June 24, 2022 |
Argentina's economy ministry said Wednesday that it swapped ARS358 billion ($5.3 billion) in local notes for bonds that were set to mature at the end of the month.
The ministry issued ARS128 billion in fixed-rate peso bonds known as Ledes that come due between October and December. It also placed ARS146 billion of inflation-linked Lecer notes that mature between August 2022 and January 2023.
The government will use the proceeds to pay holders of ARS223 billion in Ledes and ARS339 billion in Lece
South American government replaces $5 bln in local bonds with new short-term notes