From Buenos Aires Times · Manuela Tobias, Bloomberg · · 40s
Argentina Eyes China Swap for 2027 Financing
Argentina may use China's currency swap to cover 2027 bond financing if Bonares refinancing fails ahead of presidential election.
In brief
Argentina may use China's currency swap to cover 2027 bond financing if Bonares refinancing fails ahead of presidential election. Argentina could use its China currency swap line to cover 2027 financing needs if it can't refinance dollar-denominated bonds. Originally reported by Buenos Aires Times.
Economy Minister Caputo
Argentina could tap its currency swap line with China if it can't refinance dollar-denominated bonds under local law.
“there was a lot of focus on the political aspect”
2027 Financing Plan
Milei's government plans US$5 billion in 2027 Bonares bonds but faces doubts after pausing issuance in mid-August.
China Swap Line Renewed
Argentina renewed its US$19-billion swap line with China's central bank for five years including US$5 billion activated portion.
The essence
Argentina could use its China currency swap line to cover 2027 financing needs if it can't refinance dollar-denominated bonds.
