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4 months ago
Argentina re-finances $1.5 billion in expiring debt-Finance Ministry
March 17, 2017 / 12:31 AM / 4 months ago

Argentina re-finances $1.5 billion in expiring debt-Finance Ministry

1 Min Read

BUENOS AIRES, March 16 (Reuters) - Argentina refinanced $1.5 billion in expiring treasury letters at nominal annual interest rates between 2.65 percent and 3.25 percent, the Finance Ministry said in a statement on Thursday.

That accounted for the bulk of the $1.77 billion in treasury letters that had been scheduled to mature next Monday, the ministry said, adding that it will cancel the remaining $266 million.

The sale included three separate $500 million notes expiring in June, September and December. The ministry said it received orders totaling $3.8 billion.

Reporting by Luc Cohen

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