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Argentina Adds Dollar-Linked Bonds to Key Auction as Markets Reprice US Aid Hopes

Investor focus shifts to a Treasury auction offering new dollar-linked bonds to refinance ARS 5.6 trillion.

Overview

  • Finance Secretary Pablo Quirno said three new dollar-linked bonds—D31O5 (Oct 31), D28N5 (Nov 28) and TZVD5 (Dec 15)—were added to today’s Treasury sale.
  • The offering targets a rollover of roughly ARS 5.6 trillion in maturities held by private investors.
  • Argentine ADRs in New York climbed up to nearly 5% even as dollar bonds fell and country risk rebounded toward the 1,000-point mark.
  • Profit-taking followed early-week gains tied to prospective U.S. support, with the timing and approvals of that assistance still pending.
  • Robust demand for dollar hedges such as Bopreales and dollar‑linked debt prompted a larger supply of coverage instruments, while agro-exporters face a near-term deadline after a record daily liquidation above US$1 billion.