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The S&P Merval and the bonds rise after the announcement after the announcement of the exchange with banks

The S&P Merval and the bonds rise after the announcement after the announcement of the exchange with banks

Economy Minister Sergio Massamet this afternoon at the Palacio de Hacienda, with a dozen representatives of national banks and international capital before whom He presented his proposal for the “reordering of the public debt”.

The debt exchange, for some $7.7 trillion, will have the intention of “ordering the curve” of maturities, indicated sources from the Palacio de Hacienda, which foresees the implementation of a new exchange for bond maturities in pesos scheduled for the next three or four months.

In this context, dollar bonds rise to 4.3% thanks to Bonar 2038, they are also growing strongly Global 2041 (+4.2%), and Global 2030 (+3.5%). The country risk measured by JP Morgan fell 0.7% to 2,067 basis points.

ADRs and shares

The S&P Merval index rises 2.2% and stands at 251,315.65 units past the media wheel in the Buenos Aires market, while the shares of Argentine companies on Wall Street advance up to 5.5%.

In the leading local panel, the papers of YPF and Cresud registered increases of 5.4% and 3.6%, respectively.

Meanwhile, the ADRs of Argentine companies on the New York Stock Exchange marked the majority of gains, on a day in which YPF led that batch with an increase of 5.5%, followed by YPF with 5.4%.

Source: Ambito

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