From this paper we can clearly conclude that power plants and huge power consumers couldevadehugepricerisk and lock the long dated price orprofitsinmarket.
The economy ministry also hopes to cut its interest burden by strong-arming pension funds (over sour looks from the big rating agencies) to swap short-dated government paper for long-term bonds.
In 2001, in a desperate effort to stave off debt default, Domingo Cavallo, the economy minister, forced them to swap bonds (and cash) for long-dated or low-yielding paper.