Argentina taps the local market to fund a $4.2 billion bondholder payment due July 9
In the second round of the auction, the Finance Secretariat awarded $100 million, thereby reaching the authorized cap of $2 billion for that instrument. The operation added to the $266 million placed the previous Friday. According to official data, the ministry received offers worth some $668 million and agreed on a nominal annual rate of 7.56% and an effective rate of 7.83%.
- ▪In the second round of the auction, the Finance Secretariat awarded $100 million, thereby reaching the authorized cap of $2 billion for that instrument.
- ▪The operation added to the $266 million placed the previous Friday.
- ▪According to official data, the ministry received offers worth some $668 million and agreed on a nominal annual rate of 7.56% and an effective rate of 7.83%.
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Argentina taps the local market to fund a $4.2 billion bondholder payment due July 9 Tuesday, June 30th 2026 - 08:27 UTC Full article 0 comments (adsbygoogle = window.adsbygoogle || []).push({}); The strategy of Economy Minister Luis Caputo was aimed at obtaining foreign currency in the local market rather than turning to international credit markets, where rates for Argentina remain high Argentina's Economy Ministry on Monday completed the placement of the Bonar 2028 (AO28), a dollar-denominated bond under local law, raising most of the funds needed to face a maturity of around $4.2 billion with private debt holders due on July 9. In the second round of the auction, the Finance Secretariat awarded $100 million, thereby reaching the authorized cap of $2 billion for that instrument.
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