The Argentine government is analyzing a debt swap with banks operating in the country for the entirety of its 2024 maturities: AR$57.5 trillion (US$71 billion at the official rate). “It is a good sign for the markets because it removes all debt maturities [for 2024],” the bank source said. The source added that the economic cabinet is putting together working teams to work on a more concrete proposal. According to a report by the GMA brokerage cited by Bloomberg, the US$71 billion debt includes notes with interest payments tied to inflation, the exchange rate, and fixed-rate bonds. You may also be interested in: Argentina’s Treasury faces 2024 with US$17 billion in foreign debt

Source: Bueno Aires Herald January 06, 2024 04:02 UTC