Argentina to buy back $1 billion of its foreign debt

Argentina to buy back $1 bln in foreign debt in signal to markets

BUENOS AIRES -- Argentina will buy back overseas bonds equivalent to over $1 billion to improve its debt profile, Economy Minister Sergio Massa said on Wednesday, looking to send a positive signal to markets despite low reserves levels.

The Argentine Government will buy back 1 billion dollars of foreign debt

The measure seeks to contain the depreciation of the peso in financial markets and improve the economic image

After the announcement of the debt repurchase, country risk fell again and accumulated a decline of 651 points during the administration of Sergio Massa

The indicator developed by JP Morgan fell 77 units and pierced the floor of 1,800 points for the first time since May after the announcement by the Minister of Economy. Global stocks rose to 8% on Wall Street

Argentina To Buy Back $1 Billion In Foreign Debt In Signal To Markets

Argentina will buy back overseas bonds equivalent to over $1 billion to improve its debt profile, Economy Minister Sergio Massa said on Wednesday, looking to send a positive signal to markets despite

Signal to markets: Argentina buys back foreign debt

Argentina will buy back over US$1 billion worth of foreign bonds to improve the South American country's debt profile. This was announced by Economy Minister Sergio Massa on Wednesday (18th) to send a positive signal to the markets despite low reserves. The measure will focus on government bonds maturing in 2029 and 2030, the minister […]

Argentina to buy back $1 billion of its foreign debt

The country is stepping up its efforts to reduce its deficit and increase its attractiveness on the markets.