US EditionArgentina’s Dollar Bond Sale Will Test Foreign Demand Under Milei
23 Articles
23 Articles
Argentina issues first dollar-denominated bonds in years
The Argentine Government of President Javier Milei returned to foreign debt markets, raising US$1 billion to cover impending maturities, it was reported Thursday in Buenos Aires. The Economy Ministry auctioned the new BONAR 2029N bond.
For the first time in eight years, Argentina turned to the market to become indebted in foreign currency. Javier Milei’s government announced Wednesday the placement of $1 billion in a four-year bond under Argentine legislation with an annual yield of 9.26%. According to the Ministry of Finance, they received offers of about 2,500 investors for a total of more than 1.4 billion dollars.
The country reissued a bond for USD 1 billion after eight years of restricted access to debt in dollars.
readingeagle
BUENOS AIRES (AP) — In its return to the capital markets after an absence of nearly eight years, Argentina successfully placed a dollar-denominated bond maturing in 2029 on Wednesday in an effort to cover part of its January debt payment without using its reserves. Economy Minister Luis Caputo had announced the issuance of the four-year bond, with an annual interest rate of 6.5%, on Friday. This marks the first foreign currency debt placement in…
Treasury will seek to place close to $1 billion with a bonus at 2029; BCRA amended regulations to boost demand and avoid arbitrations
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