Argentina defers over $15 billion interest in debt swap

Struggling country eases fiscal pressures while inflation continues rising

The Central Bank of Argentina
Photo: Javier Pierini

Argentina deferred 7.4 trillion pesos ($15.4 billion) in interest payments due this year in a debt swap operation on June 8. Nearly 78% of eligible bondholders agreed to the swap.

“Today, we completed the largest exchange of public debt in Argentine history, in terms of maturities in the domestic market,” economy minister Sergio Massa posted on Twitter.

IMF spokesperson Julie Kozack said: “We certainly welcome the authorities’ efforts to reduce rollover risks associated with domestic debt.”


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account