Argentina emits treasury bonds to halt exchange rate volatility
The government's official bulletin announced the move was made by the Ministry of Finance, with the two instruments having fixed interest rates and expiring in 2023 and 2026 respectively.
The bonds were originally emitted in October 2016 with their renewal said to be improving the "available financial conditions" for Argentina.
"Without it being necessary to carry out new tenders, it is considered convenient ... to proceed with the amplification of the emission of National Treasury Bonds," said the bulletin.
On Tuesday, the finance ministry unexpectedly tendered local bonds worth 73.249 billion pesos (around 3 billion U.S. dollars).
This helped to halt the rise of the U.S. dollar against the peso, after the currency dipped slightly to 24.5 pesos to 1 dollar.