Overview
- Authorities settled roughly US$4.218 billion in maturities, with about US$692 million held by the public sector and a net outflow to private investors near US$3.526 billion.
- The funding mix included about US$2.3 billion from the Comahue dams privatization and roughly US$1.2–1.3 billion drawn from a US$3 billion BCRA repo.
- The BCRA’s one‑year repo priced near 7.4% with BBVA, JP Morgan, Deutsche Bank, Goldman Sachs, Bank of China and Santander, and the syndication drew around US$4.4 billion in offers.
- The central bank reported net FX purchases of about US$218 million in early January and an initial reserve build of roughly US$200 million.
- Next up is a Jan. 14 auction to roll ARS 19.3 trillion in Lecaps due Jan. 16, with budget officials estimating around half the holdings are at state agencies and part of dollar‑linked paper already swapped to month‑end; analysts flag roughly US$8.8–9.0 billion in 2026 dollar obligations and about US$23 billion in 2027.