US EditionArgentina raises $1bn in international bond auction in boost for Javier Milei
- Argentina raised $1 billion through a peso-denominated bond called BONTE on Monday in Buenos Aires to support President Javier Milei's economic plan.
- This issuance followed Milei's election in December 2023 and aims to meet IMF loan conditions amid efforts to tackle inflation and revive growth.
- The BONTE bond, Argentina’s first issuance of its kind in nearly a decade, offers investors a dollar-denominated yield set at 29.5 percent over five years and includes a put option for 2027.
- Economy Minister Luis Caputo described the bond as refinancing rather than new debt, and investors' participation signals confidence in Milei's budget-slashing reforms.
- This bond boost, alongside a recent $12 billion IMF loan tranche, is crucial for replenishing foreign reserves and supports Milei's rapid and radical economic changes.
16 Articles
16 Articles
Argentina raises $1B in peso-denominated bond issuance
BUENOS AIRES, Argentina — Argentina’s government said Wednesday it had raised $1 billion in a peso-denominated bond issuance, signaling confidence by international investors in the economic project of budget-slashing President Javier Milei. Dubbed “BONTE,” the treasury bond could be purchased in dollars at a fixed five-year rate of 29.5 percent. It was issued to boost
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