The Government placed $42.6 billion of debt in pesos and cleared 75% of the maturities scheduled for this year until 2028. The Treasury reduced the interest burden by $555,000 million.

The financial operation was the largest bond exchange in Argentine history. The public sector was the main holder of the eligible securities, while private banks had a low participation. The exchange is part of the Government's plan to reduce the deficit, contain the official dollar and liquefy pesos to lower inflation.