Macroeconomy/Finance

Argentina swaps another $146mn of the Dual Bond AF20

The Ministry of Economy swapped AR$9 billion ($146mn) of the Dual Bond AF20 for securities nominated in pesos at a private Badlar rate plus surcharge with maturity on August 5, 2021. It also obtained AR$3.6 billion through the tender of Lebad letters with maturity on May 28 and August 28. Argentina decided to postpone to Sept. 30 the payment of the AF20 dual bond that matured on Feb. 13 after restructuring negotiations with the majority of bondholders failed.

Source: El Economista