Argentina will give investors the chance to exchange holdings of local debt into new bonds in a bid to ease fears of a default on the government’s $35 billion of local debt coming due in the second quarter, Bloomberg News reported. Economy Minister Sergio Massa said the government would offer investors two swap options to exchange local bonds coming due between April and June. The government is seeking to build the local bond curve to 2024 and 2025, Massa said in a broadcast video statement. Argentina has as much as 7 trillion pesos ($35 billion) in peso-denominated bonds maturing in the second quarter of the year, according to economy ministry officials. “We want to leave behind the idea that Argentina is always weeks away from a default,” Massa said. “This will allow us to clear up any uncertainty for 2023.” Read more.