Overview
- Finance Secretary Pablo Quirno said negotiations have begun for a market repurchase of sovereign bonds under the 'Debt for Education' framework.
- JPMorgan was appointed to structure the operation, with multilateral agencies cited as prospective backers to secure lower borrowing rates.
- Officials say savings from the swap of expensive debt into concessional financing will be allocated to long-term education investment.
- Argentine dollar bonds flipped higher after the announcement, with gains of up to roughly 2% reported in some issues.
- Key terms such as size, yields and timing were not disclosed, and President Javier Milei reiterated the $20 billion U.S. Treasury swap would cover 2026 maturities if market access remains shut.