The Economy Ministry refinanced its maturities for the first three months of 2023 from AR$4.3 trillion to AR$1.41 trillion in what it considered a “successful” debt swap. The swap, which was offered on December 29 and due Tuesday, had an adherence of 67.2%. The Treasury had to face maturities for AR$1.1 trillion in January, AR$1.2 trillion in February and AR$2 billion in March. After the swap, the maturity prospect is AR$390 billion, AR$420 billion and AR$60 billion, respectively. One day before the due date, the Economy Ministry added another option: the LECER bond X16J3, an inflation-adjusted bond that matures in June 2023.

Source: Bueno Aires Herald January 05, 2023 15:17 UTC