The chief of staff, Juan Manzur, stressed this Wednesday that the “great acceptance” that the swap of debt securities had with more than 85% shows that the Government is on “the right path.”
“A formal debt swap was carried out with great acceptance, more than 85% acceptance, with which we speak clearly that we are on the right path,” Manzur said in statements to the press upon entering the Casa Rosada. , where from 8 o’clock he will lead a meeting of the national cabinet.
This Tuesday, the Ministry of Economy managed to exchange debt securities for two billion pesos that expired in August, September and October, with a participation of 85%, through the placement of “dual bonds” with which he postponed those payments to 2023 and that will allow him to face commitments for 479,991 million pesos in the next three months.
This was reported by the portfolio led by Sergio Massa through a statement in which he reported that the investor interest was reflected in the 1,233 offers received for US$ 15,662 million, which is equivalent to an effective value of two billion pesos.
What is the interest of dual bonds
The interest for these dual bonds is that at the time of its expiration, the holder can choose if he wants it to be adjusted for the variation of the retail price index, or for that of the dollar.
The Treasury had to face maturities for 615,862 million pesos this month, another two billion 123,801 million in August, and 807,068 million in October.
In parallel, the chief of staff highlighted Tuesday’s speech by President Alberto Fernándezin Lomas de Zamora, in which “he called for prices and wages to be channeled” and pointed out that, in this sense, “a call to both the representatives of the workers and the industry sector is expected in the coming days” .
“We will continue to insist on all the tools that have to do with stabilizing the macroeconomy”, he said and reaffirmed that “this is the main challenge”, while emphasizing that “yesterday we had a very good signal that goes in this direction “.
Likewise, he pointed out that the Government “has always sought, through dialogue, to bring positions closer together, generate consensus and seek the best for all Argentines and that is the central challenge” and reiterated that “we are living through a complex, difficult moment, everyone we know and we are exacerbating everything that has to do with dialogue”.
Finally, he stressed that this noon The President will travel to Salliqueló, in the province of Buenos Aires, to sign contracts for the President Néstor Kirchner Gas Pipeline and described the work as “strategic”.
“The President travels to see one of the strategic works that Argentina has, such as the Vaca Muerta gas pipeline, which is what will allow us not only to be self-sufficient in energy but also to generate foreign currency in the near future to stabilize the macroeconomy,” stressed.
