$1.7 billion swap between Treasury and Central Bank. T-bills redeemed against Eurobonds

The Ministry of Finance (MoF) said it has completed a debt exchange with the Central Bank (BDL) valued at $1.7 billion.

The MoF redeemed treasury bills held by BDL worth LL2,562 billion against new Eurobonds denominated in US dollars of an equivalent value of $1.7 billion.

The MoF said in a statement that through this swap it will extend the maturity of two percent of the public debt by an average of 10.27 years. As a result of the deal the debt composition stands at 40 percent in ...

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