Overview
- Economy Minister Luis Caputo confirmed talks with private banks for a $6–$7 billion facility designed to cover January obligations without reducing international reserves.
- January 2026 maturities are estimated at roughly $4.2–$4.7 billion across private bondholders, the ANSES FGS and the central bank.
- La Nacion reports JP Morgan, Bank of America and Citi are in discussions, with a repo-style structure under consideration that would sit at the Treasury.
- Markets responded positively to the signals, with the country-risk gauge easing to about 636–639 basis points and Argentine equities and ADRs posting gains of up to 9%.
- Caputo prefers market issuance if spreads compress toward 300 bps and is evaluating buybacks, targeted exchanges and swaps; he also rejected reports of a $20 billion bank loan.