Overview
- Economy Minister Luis Caputo is offering the Bonar 2029N with a semiannual 6.5% coupon, seeking US$1,000 million, with the government flagging a ~9% goal rate as market curves suggest yields closer to 10–10.8%.
- The placement aims to help cover January maturities estimated around US$4.2–4.5 billion, with settlement scheduled for later this week.
- Exchange rates firmed and narrowed: the Banco Nación dollar closed at ARS 1,465, the blue traded near ARS 1,445, the wholesale hovered around ARS 1,442, MEP about ARS 1,469 and CCL roughly ARS 1,503–1,510.
- The Central Bank’s exchange band ceiling stands at ARS 1,515.50, keeping the official rate below the upper limit as authorities manage short‑term currency dynamics.
- Local markets softened ahead of the auction, with equities and sovereign bonds lower and Argentina’s country risk holding near 634 basis points, even as insurers were authorized to use stock‑market collateral to support primary demand.