- Covering debt maturities without affecting reserves
As expected at a leaders’ meeting Historian, Luis Caputo confirmed on Friday that Argentina is returning to the international debt market With a four-year bond until November 2029
The Minister of Economy had previously anticipated the government’s decision on Wednesday, during his speech at the event organized by this newspaper, and today, minutes after his message, The Ministry of Finance published the details What it means for the country to return to the market for the first time since 2018.
Through contact it was determined that A “6.50% USD National Treasury Bonds due November 30, 2029” (Bonnar 2029n). The tool targets investors who want to deposit funds in North American currency and participate in financing state obligations.
And also specify that Bids for this tool will begin at 10am and end at 3pm on Wednesday, December 10, 2025. (T) Bids received and awarded will be settled on Friday, December 12, 2025 (T+2). Subscription must be made in US dollars only.
The tender will be carried out through The price statement, without a minimum or maximum price, is divided into two parts: one non-competitive and the other competitive; With offers up to US$50,000, and another competitive offer for larger amounts, with no maximum and an obligation to indicate a price per US$1,000 of face value.
Covering debt maturities without affecting reserves
The Ministry of Finance circular highlights: “In the context of strong pressure on interest rates on dollar bonds resulting from the election result and the continued performance of the economic programme, The Treasury seeks to expand its financial goals to cover dollar debt maturities without affecting the central bank’s net reserves“.
He adds along these lines: “After achieving sustainable financial costs, the Treasury Department therefore begins to… A new strategy aims to refinance the maturities of its capital in dollars without affecting the process of strengthening the central bank’s balance sheetThis allows reserve purchases to lead to net accumulation.
Tender result It will be used to partially cancel the principal maturity of BONAR 30 and BONAR 29 bonds, with a maturity date of January 9, 2026.
The outcome of the tender will be used to partially cancel the capital maturity of the BONAR 30 and BONAR 29 bonds, with a maturity date of January 9, 2026.
Orders must be routed through settlement and clearing agents or trading agents registered with the National Securities Commission (CNV). The maximum amount that will be offered in the auction will be determined in accordance with the provisions of the joint decision between the Ministry of Finance and the Ministry of Finance No. 9/2019.
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