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The Finance Ministry will use $846 million of last week’s $2 billion Eurobond placement to buy Eurobonds maturing in 2021 and 2022

Monday, July 27, 2020
The Finance Ministry will use $846 million of last week’s $2 billion Eurobond placement to buy Eurobonds maturing in 2021 and 2022

The Finance Ministry will use $846 million of last week’s $2 billion Eurobond placement to buy Eurobonds maturing in 2021 and 2022, the Ministry reports. This about $100 million more than expected. With the settlement to take place Thursday, the $2 billion Eurobonds carry a yield of 7.253%. The old bonds carried yields of 7.75%.

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