Overview
- Buenos Aires settled roughly US$4.2–4.3 billion to private bondholders on January 9 across Global, Bonares and euro‑denominated issues.
- Funding combined Treasury dollars and proceeds from the Comahue privatization with a US$3 billion BCRA repo at about 7.4% for roughly one year with BBVA, JP Morgan, Deutsche Bank, Goldman Sachs, Bank of China and Santander.
- The central bank reports net FX purchases of about US$218 million under the new bands scheme, while analysts frame the operation as bridge financing rather than durable reserve accumulation.
- The next test is domestic: around ARS 19.3 trillion in mid‑January peso bills are slated for rollover, with additional dollar‑linked maturities later in the month.
- Focus now includes an IMF program review and an interest payment of US$824 million due on February 1, as officials seek near‑term financing support.