Argentine Bonds Jump on Debt Buyback to Help Fund Education

Argentina’s dollar bonds rose across the curve after Finance Secretary Pablo Quirno announced that the country will repurchase sovereign debt to fund education investment.

• Notes due in 2035 jumped more than a cent on the dollar, to trade near 57 cents, according to indicative pricing data compiled by Bloomberg
• The government will buy back sovereign debt, financing the operation at lower rates using agencies and multilateral organisms: Quirno
• NOTE: From earlier, Argentina to Begin Debt Buyback to Fund Education: Quirno

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Nicolle Yapur in Bogota Office at nyapur1@bloomberg.net

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