Buenos Aires city swaps bonds

Buenos Aires city swaps bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Argentina

The Buenos Aires city government said Tuesday that it swapped 40% of outstanding 2024 bonds for existing notes that mature in 2028 as it bets on the local market to meet its financing needs in the cash-strapped country. The sub-sovereign exchanged ARS17.5 billion ($115 million) in the Argentine peso-denominated notes maturing in March 2024 for existing notes in the same currency that mature in February 2028, the city's finance department said in a statement. That was more than the $100 million e

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