Argentina Makes $4.3 Billion Bond Payment, Secures Funding Through 2027
Updated
Updated · Bloomberg · Jul 8
Argentina Makes $4.3 Billion Bond Payment, Secures Funding Through 2027
2 articles · Updated · Bloomberg · Jul 8
Summary
$4.3 billion in principal and interest on Argentina’s foreign-currency bonds is already funded for this week’s semi-annual payment, easing doubts that the government could meet the obligation without new market borrowing.
The Milei administration said it has also lined up additional financing sources that cover funding needs through the end of 2027, removing the need to tap international debt markets during his term.
That marks a notable turnaround for a sovereign many investors had doubted could handle a major dollar-bond payment while staying shut out of, or choosing to avoid, global debt issuance.