Debt Exchange: The government makes payments for treasury notes
The government made payments on maturing treasury notes on Tuesday, despite earlier claims that no coupons would be due in 2023.
Investors have received payments in government instruments with a coupon rate above 18.5% as of 6 p.m.
But it appears that the bonds were honored because the domestic debt exchange program has not been implemented after being postponed twice until January 16.
The government was forced to restructure its debt in order to secure a $3 billion loan from the International Monetary Fund.
However, the deadline for investors to register for the debt exchange was extended on two occasions after employee agitations against the inclusion of pension funds in the program.
Some analysts who spoke to 3Business expect the government to pay off 3-year bonds maturing this month, as the debt swap may not be completed as scheduled.
Source: 3news.com
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