The government of Argentine President Javier Milei is preparing to face debt maturities in January totaling US$4.225 billion. The Treasury has a current flow of US$1.800 million earmarked for this payment, but officials are working on other alternatives for the future.
"We believe we can. The REPO already gives us certainty," clarified Economy Minister Luis Caputo in response to a query on social media. The first major challenge for Caputo in 2026 will be to face the US$4.225 million in external debt maturities due in two weeks, on January 9th.
In addition to the BONAR 2029 N bond issuance, the purchase of reserves, and the use of the US$700 million that will be received from hydroelectric concessions, the National Government also has these funds at its disposal. It is still unclear how the remaining amount will be financed, although the possibility of negotiating a REPO with private banks and making placements in the local debt market has been mentioned.
"Argentina is going to pay its debt, have no doubts. That will be resolved by Minister Caputo, who understands the value of paying better than anyone else," Milei stated in radio comments, expressing optimism about January. Meanwhile, Economic Minister Caputo stated his preference against issuing debt under foreign legislation, aiming to eliminate the country's dependence on Wall Street.
