(Aug 29): Argentina’s government plans to extend the maturity of its debt to stabilise markets after a brutal week of declines that saw it struggle to rollover Treasury bills.

The government will extend the short-term maturities for institutional investors and send a bill to congress to enable the “voluntary reprofiling‘’ of longer-term debt, Economy Minister Hernan Lacunza said. The interest rates will remain the same, only the timing changes.

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