Argentina issues $1.76 billion in swap as deadline approaches on debt proposal

BUENOS AIRES (Reuters) - Argentina said on Thursday it had exchanged treasury bonds in local currency for new instruments worth a total of 118.365 billion pesos ($1.76 billion) on the eve of a deadline for creditors to accept a massive debt restructuring offer. The Economy Ministry said it swapped the treasury bonds for inflation-adjustable securities maturing in 2022, 2023 and 2024.

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