Categories: विदेश

Colombia carries out largest domestic debt swap in history for $11.2 billion

BOGOTA, Oct 9 (Reuters) – Colombia carried out its largest domestic public debt swap in history, for 43.4 trillion pesos ($11.18 billion), the Finance Ministry said on Wednesday night, as part of its debt management strategy amid the country's strained finances. In the transaction, the nation will receive domestic public debt securities (TES) maturing between 2025 and 2050 in exchange for TES maturing between 2029 and 2058, the ministry said in a post on X. The ministry received requests totaling 49.2 trillion pesos ($12.68 billion). The swap will generate fiscal savings of 1.7 trillion pesos ($438 million) this year due to interest, the statement added. This is the seventh domestic public debt swap the government has undertaken this year. ($1= 3,879.80 pesos) (Reporting by Nelson Bocanegra, Editing by Natalia Siniawski)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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