Pimco accepts renewal of government bond and postponement of $9 billion debt

The Pacific Investment Management Co (Pimco) fund accepted the Government’s offer to renew its holdings in the Monetary Policy Bond (BoPoMo), and actively intervened on Friday in the tender of the Letter of the Treasury in pesos (Letes), for which ARG$19 billion ($315 million) was obtained at a final rate of 44.7%. Representatives of Pimco, held meetings with government officials that allowed Argentina to postpone until August 31 the payment of $9 billion that expired on Friday.

Read more

Source: Ámbito

Categories: Macroeconomy/Finance