Macroeconomy/Finance

Argentina issues AR$9.2bn Treasury notes, swaps more AF20 dual bonds

The Ministry of Economy on Wednesday issued Treasury letters and bonds in local currency maturing in 2020 and 2021 worth AR$9.22 billion ($148.5 million). Of that amount, AR$2.36 billion correspond to Lebad bills maturing on Aug. 28, and another AR$6.87 billion to a swap of the dual bond AF20 for another ones in pesos with Badlar rate plus 100 basis points. Argentina has already swapped 18% of the AF20 which was due on February 13 whose capital payout was postponed to Sept. 30.

Source: Clarín