*Argentina’s finance secretary,
Pablo Quirno, has announced that the government had held an auction for debt instruments and only rolled over 45.68% of the debt offered, renewing Ar$1.76tn (US$1.29bn) of government debt. The debt securities that were sold in the auction were dollar-linked bonds that were due to mature in November 2025 and January 2026. The bonds that were not sold and must be paid off rather than rolled over were Lecap/Boncap Argentine treasury bonds with a total value of Ar$2.11tn, which were also due to mature in November and January. Writing on social media, Quirno said that the interest rates offered for the Lecap/Boncap bonds were considered too high to be worth renewing the debt.
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