Colombia exchanged domestic public debt for $ 529.5 mn in local market

Colombia exchanged internal public debt for $ 529.5 million, an operation with which it reduced expected maturities for the next two years as part of its strategy to avoid increasing its indebtedness, the Ministry of Finance reported on Friday . The Government collected TES local debt securities that matured in 2021 and 2022, in exchange for papers with maturation in several years between 2027 and 2037. “The operation reduced TES amortizations by $177 million in 2021 and by $344 million in 2022, reducing the risk of refinancing,” the ministry explained in a statement.

Source: Reuters