US EditionArgentina’s President Milei to issue a dollar bond, eyeing a return to global markets
Argentina aims to cover $4.2 billion debt due in January without using Central Bank reserves by issuing a four-year, 6.5% coupon dollar bond under local law.
- Argentina's government announced on Friday it will issue BONAR 2029N, a four-year dollar bond with a 6.5 percent coupon, to be auctioned in December and maturing in 2029.
- To cover an imminent January payment without touching reserves, the Treasury said sharp dollar yield compression and strong programme performance prompted broadening financing to meet January 9 obligations and IMF reserve targets under the US$20-billion IMF agreement.
- Negotiating banks are discussing a roughly $7-billion loan while Argentina faces more than $4 billion in January maturities and plans to refinance principal repayments.
- President Javier Milei celebrated the government's return to capital markets in a post on X, framing it as a comeback after nearly eight years.
- If the auction succeeds, Caputo says the issuance could improve Argentina's financial outlook and help reduce country risk, while successful reserve accumulation would advance commitments under the April US$20-billion IMF agreement.
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80 Articles
Argentina’s Quiet Test: Can A Crisis-Hit Country Earn Back Market Trust?
Key Points 1. Argentina is selling its first new dollar bond since 2018 to refinance old debts, not expand borrowing. 2. The move is designed to pay January’s heavy bills without draining the central bank’s thin reserves. 3. Success would reward a shift toward discipline; failure would expose how fragile the country still is. Argentina […]
Associated Press News
Argentina's President Milei to issue a dollar bond, eyeing a return to global markets
The libertarian government of Argentina’s President Javier Milei has announced that it will issue a dollar bond for the first time in nearly eight years as the cash-strapped country seeks a return to international markets.
Argentina had been banned for more than seven years, in practice, from the international public debt markets. The economic drift of the country that preceded the arrival of the libertarian Javier Milei provoked a suffocation that hit the state accounts in full. The weakness of the Argentine treasury caused the country to be marginalized from the international foreign currency debt markets, as it was not able to get it to lend money in foreign cu…
The government of Javier Milei announced this Friday that Argentina will return to the international financial markets to take debt, through a bond in dollars to four years and with an interest of 6.5%. With the proceeds, the ultra government aspires to be able to face, in part, the maturity of debt next January, which is around 4.3 billion dollars, without affecting the meagre reserves of the Central Bank. The decision is known hours after the …
der Standard AT
der Standard DEFor the first time since 2018, dollar bonds will be placed again. South American country has more than 40 billion dollars in debt to the International Monetary Fund
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