US EditionColombia carries out largest domestic debt swap in history for $11.2 billion
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7 Articles
Colombia carries out largest domestic debt swap in history for $11.2 billion
Colombia carried out its largest domestic public debt swap in history, for 43.4 trillion pesos ($11.18 billion), the Finance Ministry said on Wednesday night, as part of its debt management strategy amid the country's strained finances.
Colombia is moving towards a structural change in the way it finances its state. Unlike in previous years, when foreign debt marked the pulse of public finances, 2025 has been dominated by local issues, exchanges of TES and an unprecedented expansion of domestic credit. SEE MORE: Exclusive: Superfinancial diminishes the importance of the fiscal crisis and defends the level of debtThe Ministry of Finance seeks to reduce exposure to the dollar and…
Colombia has carried out the largest exchange of domestic government bonds in its history, worth 43.4 trillion pesos (11.18 billion US dollars), as announced by the Treasury on Wednesday evening. This is part of the country's debt management strategy in view of its tense financial situation. As part of the transaction, the country receives domestic public debt securities (TES) due between 2025 and 2050 [...] The post Colombia conducts the larges…
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