This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Argentina’s Dollar Bonds Trade Higher on Expected Payment Rescheduling to China
June 12, 2024
Argentina’s dollar bonds inched higher after the IMF said that it expects China to reschedule payments on part of the $18bn swap line that the nation has extended to Argentina. This is believed to be an important step amid President Javier Milei’s budget cuts. Argentina owes the PBOC nearly $2.9bn in June and another $1.9bn in July. Bloomberg notes that a rescheduling of payments would help ease hurdles for Argentina’s $43bn IMF program, as the government must show it has financing assurances to manage its debt pile. No further details on the rollover or refinancing of the swap were provided.
Argentina’s 4.25% 2038s were up 1.5 points to 45 cents on the dollar, yielding 12.31%.
For more details, click here
Go back to Latest bond Market News
Related Posts:Argentina Bonds Trade Weaker Before Senate Debate
June 11, 2024
Argentina Due to pay $730mn to the IMF as Uncertainty Looms
January 28, 2022
Argentina Closes $45bn Deal with IMF
March 4, 2022
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.