Argentina Pays US Swap Line, Bondholders in Boost for Milei (1)

Argentina has fully repaid the $2.5 billion it drew down from a $20 billion swap line with the Trump administration while also making key payments to bondholders.

US Treasury Secretary Scott Bessent confirmed Friday that Javier Milei’s government “quickly and fully” repaid a portion of the swap. While he didn’t detail any figures, the Treasury disclosed the amount drawn down in its most recent report on the exchange stabilization fund. As a result, Bessent added, the US no longer holds pesos in its ESF.

“Our nation has been fully repaid while making tens of millions in USD profit for ...