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Event Brief

Colombia Unwinds $9.3B Swiss Franc Swap Ahead of Elections

Colombia accelerates the unwinding of a $9.3 billion swap in Swiss francs to improve debt indicators before presidential elections.
WHO: Javier Cuéllar
WHAT: Unwinding a $9.3 billion total return swap in Swiss francs
WHEN: Mar 23, 2026 at 8:01 AM ET
WHERE: Colombia
WHY: To cancel approximately $28 billion in gross debt ahead of elections
Sources (1): Rio Times

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