From Buenos Aires Times · David Feliba, Bloomberg · · 1m
Argentina pauses local dollar bond sales as debt wall nears
Argentina halts dollar bond sales amid rising debt costs ahead of 2027 election.
In brief
Argentina halts dollar bond sales amid rising debt costs ahead of 2027 election. Argentina pauses local dollar bond sales to avoid high borrowing costs as it prepares for 2027 presidential election. Originally reported by Buenos Aires Times.
Argentina pauses local dollar bond sales
Argentina halts local dollar bond sales after borrowing costs surge to over 12 percent.
Economy Minister Luis Caputo
Caputo says government expects local bond sales next year but may use China currency swap if needed.
Debt wall nears
Argentina faces $25 billion in hard-currency debt payments next year with maturity schedule stretching through 2030.
Election jitters
Rising inflation and unemployment fears threaten President Milei's 2027 election prospects.
Yield gap widens
Local dollar bond yields split almost 500 basis points between pre- and post-election debt.
China swap line
Argentina has $19 billion swap line with China's central bank for potential debt repayment.
2027 election preparation
Government prepares $75 billion defense fund for peso ahead of presidential election.
The essence
Argentina pauses local dollar bond sales to avoid high borrowing costs as it prepares for 2027 presidential election.
