Argentina launches a super swap to postpone debt payments in pesos until 2028. They are securities for $54 billion in the hands of the BCRA and private parties.
It aims to pave the way out of the stocks and improve fiscal accounts. The measure will allow extending maturities in a year that Caputo seeks to achieve financial surplus, 60% until 2026. More than half of the securities to be eliminated are in the public sector, the Central Bank bought a part in 2022 and 2023 to finance the Treasury.