Argentine minister announces debt buyback
Government will repurchase up to $1 billion in foreign currency bonds “to lower risk premium”
Argentina’s economy minister, Sergio Massa, announced on January 18 that the government would repurchase up to $1 billion of its foreign currency bonds.
In a statement, the economy ministry said the bonds were trading at low prices. It said “the difference between the parities and the resulting yields” created an opportunity for “one or more repurchase operations”. The central bank will act as the government’s financial agent for the bond repurchases.
The government will repurchase US dollar
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