Early on March, Economy Minister, Sergio Massa, reached an agreement with bankers and financial executives to swap debt bonds to the tune of 7.5 trillion pesos for new series with the payments falling due in 2024 and 2025, i.e. during the next government. Of the 7.5 trillion pesos (divided equally between the public and private sectors) around 3.1 trillion will be index- linked. The economic team is expecting around half the creditors to accept at tender.
SOURCE: www.batimes.com.ar