Argentina scratches ~$1.6 bn (AR$96 bn) bonds sale on Monday

Argentine Economy Ministry has cancelled the tender of three peso-denominated bonds scheduled for issue on Monday aimed at raising AR$96 billion to pay the Dual Bond AF20 due on Thursday. Last week, the Government had achieved 10% of the bond total value ($1.64 b) through a voluntary exchange. In addition to the maturity of the AF20 bonds, on Thursday another AR$9.6 billion of Treasury Letter (Lecaps) are due.