The Argentine authorities’s debt tender resulted in a bitter failure.
The nationwide Treasury needed to be helped by the rescue of different authorities companies.
The Argentine Central Bank (BCRA) issued ARS 300 million (US$1.9 million) to purchase public bonds that the non-public sector not needs to resume.
The financial staff led by Sergio Massa succeeded in a public bond tender in pesos for as much as ARS 63,592 million, an quantity far exceeding the maturities foreseen for the present week.
But the composition of the holders of those bonds hides a very dramatic actuality.
The non-public . . .
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