Argentina Says January $4.2 Billion Bond Payment Is Covered Without New York Issuance

Officials frame the plan as a move to lean on domestic and alternative funding rather than a fresh Wall Street sale.

Overview

Economy Ministry sources say a short‑term repo backed by securities is nearly closed, with banks offering up to US$7 billion and the Treasury likely to draw under US$3 billion.
A resolution set for December 30 would formalize the Comahue hydro concessions, enabling a US$707 million deposit within three business days that could reach the Treasury by January 6.
The January 9 maturity totals US$4.2 billion, with roughly US$3.7 billion owed to private bondholders according to market analyses.
Treasury foreign‑currency deposits at the central bank stand near US$1.869 billion, and private estimates still see about US$1.65 billion missing even if Comahue funds arrive, pointing to additional financing needs.
Analysts outline options that include reopening the Bonar 2029, issuing very short‑term dollar paper, or tapping Treasury peso balances, as the government aims to avoid a foreign‑law bond sale in New York.