LatinNews Daily - 19 January 2023

In brief: Argentina announces international bond buyback

*Argentina’s Economy Minister Sergio Massa has announced that the country will buy back overseas bonds worth over US$1bn. Massa said the central bank (BCRA) would lead the process, which he said aimed “to improve our debt profile”. The buyback will focus on dollar-denominated sovereign bonds maturing in 2029 and 2030. Massa said that the low price at which these bonds were trading on the secondary market and the difference between parities and the resulting yield rates had generated “a huge window of opportunity for our country”. The economy minister added that the government would carry out similar measures in the coming months and invited the private sector “to accompany the State in this work”.

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