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Argentina has launched a new peso-denominated bond aimed at international investors, marking its first such offering in nine years. This move comes as the nation manages a new $20bn program with the IMF and seeks to address ongoing financial challenges. The five-year bond, maturing in 2030, will be auctioned on 28 May 2025, with an aim to raise up to $1bn, purchasable in US dollars. It carries a fixed interest rate and a two-year put option, providing investors an early exit alternative. This bond is a key component of Argentina’s strategy to boost its international reserves to meet IMF targets. Argentina has a long history with the IMF, being its largest debtor with 23 prior programs. The nation had also undertaken a major bond restructuring in 2020 to avert a default, amid recurring economic crises and triple-digit inflation. Analysts view this return to global markets as a significant sign of confidence in the government’s stabilization efforts and its objective to restore the peso’s credibility.
Argentina 0.75% 2030s were up by 1.2 points, currently trading at 69.5, yielding 8.16%
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