The Minister of Economy, Sergio Massaannounced this Wednesday the government’s decision to open a “trial of repurchase of foreign debt Argentina for more than billions of dollars“with the aim of lowering the country risk.
“We have seen a drop of a thousand points or more in the country risk in Argentina and it is a window. That is why we have made the decision to carry out a buy-back process of Argentina’s external debt of more than a billion dollars which starts today” Massa said.
And he added: “We have taken the decision in a joint resolution of the Ministry of Finance and the Treasury to entrust the Central Bank, for greater transparency, with carrying out this buyback process on behalf of the Treasury to continue reducing country risk, which improves the possibilities of Argentine companies and the Argentine state to access the capital market”.
The head of the economic portfolio specified that it is “a first step of one billion dollars, very focused on global ones, especially short-term ones, 29 and 30”.
New in development.
Source: Clarin
