LatinNews Daily - 12 March 2024

In brief: Argentina launches mega debt swap

*Argentina’s government led by President Javier Milei has started a major debt swap as it seeks to push back most of its 2024 debt maturities. The economy ministry published a list of 15 bonds – nine peso-denominated and six that are dual currency or linked to the US dollar –all due to mature in 2024 that may be exchanged for new inflation-linked bonds with maturity dates ranging from December 2025 to June 2028. The total value of the bonds equates to Ar$55trn (US$64.8bn). The economy ministry stated it will receive offers from investors until 3pm local time today (12 March).

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