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 Provinces Planning to Issue Dollar Bonds
February 20, 2025
Argentina’s regional governments, the City of Buenos Aires and Cordoba Province, are exploring the possibility of issuing $500mn in bonds between March and May, marking a potential return to international capital markets after almost a decade, according to sources. This comes as Argentina’s economy shows signs of recovery, with inflation slowing and the government implementing austerity measures. Both regions have met with investors to gauge demand, with JPMorgan Chase and Santander assisting in the process. If successful, these bond issuances could signal a broader return for Argentina’s sovereign debt markets. The City of Buenos Aires is considering a bond sale, contingent on negotiations with the IMF. Despite a failed debt tender in December, Buenos Aires has avoided defaults, and an IMF deal could spur further optimism in the markets. Argentina’s dollar bonds performed well in 2024, and the government is in talks with the IMF for a new agreement. However recently its bonds have been under pressure after its President Milei was embroiled in a cryptocurrency scam.
Argentina’s dollar bonds continued to trade weak by ~0.2 points with its 3.5% 2041s down at 60.6, yielding 11.33%.
For more details, click here.
Go back to Latest bond Market News
Related Posts:
Argentina Due to pay $730mn to the IMF as Uncertainty Looms
January 28, 2022
Argentina Reaches IMF Agreement to Restructure $44.5bn Debt
January 31, 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.