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Colombia Bonds, Peso Drop After Petro Threats Over Debt Ceiling.

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  • Author(s): Medina, Oscar (AUTHOR)
  • Source:
    Bloomberg.com. 5/25/2024, pN.PAG-N.PAG. 1p.
  • Additional Information
    • Subject Terms:
      DEBT; PUBLIC debts; BONDS (Finance); GOVERNMENT debt limit; BOND prices
    • Subject Terms:
      COLOMBIA
    • Abstract:
      Colombia's bonds and currency experienced a decline after President Gustavo Petro threatened to stop making payments if lawmakers do not approve an increase in the nation's debt ceiling. Petro did not specify which payments would be affected. The peso fell by 0.5% and local peso bonds due in 2033 dropped in value. Congress is currently discussing a bill to raise the country's debt ceiling by $17.6 billion. [Extracted from the article]
    • Abstract:
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