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Argentina plans local debt swap

On Tuesday, November 8, Argentina announced a voluntary debt swap for ARS 1.5 trillion (US$9.4 billion) payments due.

The move aims to reduce the year-end repayment backlog and extend maturities to 2023.

Argentina's Economy Ministry said in a statement that it will exchange about ARS 700 billion of debt maturing in November and ARS 800 billion maturing in December in exchange for bonds maturing in June, July, and September . . .

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