La devaluación aceleró algo, pero acelerará más. La tasa efectiva anual de aumento del dólar de las últimas 5 ruedas está en 105% habiendo tocado108% el martes. Con el Banco Central como vendedor...
The Good and the Bad of the Debt Swap
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The Good and the Bad of the Debt Swap
Second week
March 2023
The government finalized a debt swap that left a bittersweet taste. It is undeniable that it sharply reduced short-term financing needs. The magic number is 4.3 trillion pesos between March and June. All that debt went to 3 bonds with maturities in 2024 and 2025. And also, with the advantage that only one of the 6 offered bonds matures in the first quarter of next year, so it can be said that it leaves some space for the next government to get organized and not face heavy maturities straight on.
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