At the start of the financial week, the Ministry of Economy will announce the terms of a new public debt tender, this time to renew expirations worth nearly $8 trillion. On Wednesday, the Ministry of Finance will publish the bond package to be presented to the market on Friday. Analysts await to learn the strategy the economic leadership will adopt given the current internal and external situation. Simultaneously, the third tender for the AL27 dollar bond will take place, seeking to raise another $150 million. The value of the rate that will be asked of the Economy in a much more unsettled market due to the global situation will be relevant here. In fact, the head of the Ministry of Finance, Luis Caputo, said in recent days that he aspires to increase financing in the local market. In the first operation, a yield of 5.94% was confirmed, which fell to 5.7% in the second operation. On Monday, the second round will be held at Friday's cut-off rate for $100 million, according to the schedule confirmed by the Argentine News Agency. With no options to issue abroad, local financing becomes fundamental for the economic portfolio.
Argentina Announces New $8 Trillion Public Debt Tender
Argentina's Ministry of Economy is preparing a new public bond auction for nearly $8 trillion to refinance debt. Simultaneously, it plans to raise another $150 million through the AL27 bond issue. Analysts are watching the economic leadership's decisions amid global instability.