Argentina sold local-law dollar bonds in a move seen as a first test of a planned comeback to global credit markets as Javier Milei’s administration seeks funding to meet hefty sovereign debt payments coming due next year.
The new so-called Bonar bond is due in November 2029, with a 6.5 percent semi-annual coupon and was priced to yield 9.26 percent, according to a statement from the Economy Ministry on Wednesday. Demand for the US$1-billion sale reached US$1.42 billion, and the sale’s cash value allocation was US$910 million.
The deal is seen as a
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