The Economy Ministry secured AR$227.13 billion in its bond auction today in the first round of April, where it faced maturities of AR$189.4 billion. “This is the auction with the third-highest number of bids so far this year,” Finance Secretary Eduardo Setti tweeted today. — Eduardo Setti (@EduardoSettiOk) April 19, 2023“Thus, the rollover of the private sector was 123%, while that of the public sector was 105%,” Setti said. “Of the total cash value awarded, 85% was from the private sector, while the remaining 15% was from the public sector. The IMF had also discouraged “overly onerous interest rates” — one of the bonds had a 130% annual interest rate.

Source: Bueno Aires Herald April 20, 2023 14:21 UTC