Argentina Rules Out Issuing New Debt for January Bond Payments

The Argentine government will not issue new debt in international markets to pay maturities coming due in January, according to a social media post Monday by Economy Minister Luis Caputo.

• “These are more than $4 billion that investors will receive and will likely want to reinvest in Argentine risk,” Caputo wrote
  • He rejected the possibility of a swap for 2030 bonds
  • This decision is independent of the sovereign risk level, Caputo said
• Nov. 22, Caputo Says Argentina Will Eliminate Currency Controls in 2025
• Oct. 24, Argentina’s Bonds Rally as Country Seeks $2.7 Billion Repo Line

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