A Colombian government bond swap last October may have violated constitutional principles by shifting financing costs to future administrations in exchange for short-term liquidity relief, an audit by the comptroller general’s office found.
Colombia Bonds: Auditor Probes Swap Over Constitutional Concerns
A Colombian government bond swap last October may have violated constitutional principles by shifting financing costs to future administrations in exchange for short-term liquidity relief, an audit by the comptroller general’s office found.
This article was originally published by
Bloomberg Markets
and is republished here under license.
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