Government Reaches Agreement to Swap $3.2 Billion in Local Bonds

The Argentine government reached an agreement with local bondholders to swap nearly 200 billion pesos ($3.2 billion) of domestic currency debt. The planned swap offers new instruments that will mature between 2021 and 2024 for securities that expire this year and is part of Argentina’s goal to gain more time to make payments amid the sovereign debt crisis.

Source: Ámbito