The Ministry of Finance (MoF) has recently begun a swap operation of $750 million Eurobonds to mature on January 19, 2016. This measure is to cover a debt due for payment at the beginning of next year.
"The swap process is underway, but it's too early to evaluate the appetite of investors," said Wassim Mansouri, Advisor to the Minister of Finance. "Banks represent the bulk of these bond holders, while the rest are foreign investors. That's why the MoF is optimistic about the success of th...
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