Overview
- Economy Minister Luis Caputo called a Dec. 10 tender for a four‑year Bonar 2029N under local law, offering a 6.5% annual coupon and bullet repayment at maturity on Nov. 30, 2029.
- Following the announcement, the official dollar at Banco Nación slipped to 1,460 pesos and the wholesale rate to about 1,435, marking another day of declines.
- Argentina’s JPMorgan country‑risk spread eased into the low‑600s, with readings around 613–623 points as dollar bonds gained.
- Officials highlighted additional liquidity options, including a potential bank REPO line of up to USD 7 billion and a USD 20 billion U.S. Treasury swap framework with roughly USD 2.5 billion already activated.
- The move comes ahead of roughly USD 4.2–4.3 billion in January 2026 maturities and against a global backdrop of expected Fed easing, which has weakened the dollar and lifted emerging‑market currencies such as Mexico’s peso to about 18.18 per dollar, its best in 17 months.