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.)
Washington (dpa) - Industrial chicken farming is helping the spread of Campylobacter, the world's most…
Berlin (dpa) - A nerve connecting the stomach to the head is a conduit determining how…
Washington (dpa) - A new analysis has found evidence of liquid on Pluto's surface, NASA…
In the latest installment of Lee Child’s best-selling series, a chance encounter with a distraught…
Don't sit there sweating in your smart suit when temperatures are soaring outside. Linen is…
Berlin (dpa) - As bowel cancer becomes more common among people in their 50s and…