The Argentine government has secured the necessary funds to face debt maturities totaling approximately USD 4.200 billion this Friday. The Ministry of Finance reached an agreement with a group of banks to obtain a direct loan, reported Clarín citing official sources. By acquiring dollars through various channels and securing a Repo-type credit with financial entities, the necessary funds were assembled. A group of banks had offered a total potential financing of USD 7.000 billion, of which the government would take about USD 1.600 billion to meet the required payments. On the first business day of the year, the government sent official payment notices to bondholders for all foreign currency bonds maturing in 2030, 2035, 2036, 2038, 2041, and 2046, in dollars and euros. These are bonds issued in August 2020 as a result of the debt restructuring carried out by Economy Minister Martín Guzmán during the Alberto Fernández administration. Of the total maturities scheduled for this week, approximately USD 500 million are in the hands of the Sustainability Guarantee Fund (FGS) of the ANSeS of the Central Bank, which would moderate the impact on reserves as these are dollars that will remain within the public sector. Additionally, the economic team expects that part of the funds received by debt holders will be reinvested in Argentine debt. The latest updated calculation with available information from the BCRA indicated that the Treasury started 2026 with USD 1.970 billion. To that account, the income of USD 706 million from the sale of shares in the Comahue hydroelectric plants must be added. These are the currencies that the Treasury will finally receive this week.
