Argentina’s Central Bank Offers Swap of Short Dollar-Linked Debt

The Argentina’s Central Bank offered a swap of the shortest dollar-linked notes, which are maturing at the end of October, for longer-term securities, according to people with direct knowledge.

• These offers were made through the SIOPEL market, exclusively for banks
• New securities offered for the swap are Treasury bills maturing Nov. 28, Dec. 15 and Jan. 16
• The plan is to clear out short-term debt maturities on foreign exchange-linked instruments, the people said
• Central Bank’s spokesman declined to comment

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Ignacio Olivera Doll in Buenos Aires at ioliveradoll@bloomberg.net

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