Argentina's Economy Minister, Luis Caputo, clarified the options for paying the January maturity, did not rule out refinancing from a decrease in the country risk, and mentioned the possibility of a bond swap. The main points are as follows: We have US$ 890 million that the Treasury bought and US$ 1,000 million from the bond placement. We held the tender to see what the spread was between a conventional bond and the bonds that Argentina has on the market (which are not conventional and arose from the restructuring led by Martín Guzmán). If we could replace the old bonds with conventional ones, the Country Risk could drop to 490 from 590 just by changing the bond structure. We have a Repo offer from banks for US$7,000 million. Even on January 9, there could be refinancing. Caputo stated that 'today the maturity is not a problem' during a streaming chat followed by the Argentine News Agency.
