Argentina to launch voluntary $64 billion debt swap

Argentina will launch a voluntary peso debt swap on Monday of instruments set to mature in 2024, potentially involving bonds worth the equivalent of around $64 billion, local media Infobae reported.

The debt may be exchanged for new inflation-linked instruments with maturity dates ranging from 2025 to 2028. This action forms part of the new government's strategic approach to reduce its debt risk amidst the ongoing economic crisis.