Argentina Said to Discuss Raising $1 Billion Through Santander

Argentina’s government is in talks with Banco Santander SA for a potential $1 billion loan, part of President Javier Milei’s move to secure cash ahead of a January debt payment, according to people familiar with the matter.

Santander would act as the manager of a special purchase vehicle in the deal, which would take the form of a repurchase agreement, said the people, who asked not be named because discussions are private.

Government or central bank bonds will be offered as collateral, they said, adding that the Spanish lender is pitching the transaction to international and local money ...