The Ministry of Economy managed to convert bonds for $4.1 billion for new instruments in pesos

The Ministry of Economy closed last week with a goal fulfilled: of the $6.9 billion of dollar securities under local law that it sought to exchange for new peso instruments, it managed to convert $4.1 billion into CER-adjusted bonds maturing in 2023 and 2024. The conversion of foreign currency securities into peso debt is one of the financial strategies deployed by the Ministry of Finance that could reach $20 billion. Those investors who do not enter into the exchange driven by the law will see the payment of their maturities postponed to after December 31, 2021.

Source: Ámbito