Overview
- Treasury called an auction for the BONAR 2029N on December 10, with settlement on December 12.
- The bond is issued under Argentine law with subscription and payments in U.S. dollars, a 6.5% semiannual coupon, and full principal repayment at maturity on November 30, 2029.
- Proceeds will partially cover capital due on AL30 and AL29 on January 9, 2026, as part of a refinancing plan rather than net new borrowing.
- Market gauges improved after the announcement, with sovereign bonds rising and country risk easing, as officials cite a window created by post‑election yield compression.
- This marks the first sovereign dollar issuance since 2018, and President Javier Milei publicly praised Economy Minister Luis Caputo following the announcement.