Argentina secures $470 million in new 2029 dollar bond and rolls over $5.4 trillion of peso debt

The Argentine Ministry of Economy announced that the July debt auction renewed all upcoming peso maturities, rolling over $5.44 trillion (≈ $5.4 trillion) of debt – a 183 % rollover – after receiving $8.45 trillion in offers. The most demanded instrument was the LE CAP‑30 Nov 2026 issue, which drew $2.38 trillion at a 1.92 % monthly effective rate (25.59 % annual). Other placements included a CER‑adjusted bond, a TAMAR‑linked issue and several dollar‑linked securities.

In parallel, the Treasury debuted a new dollar‑denominated bond, AO29, due October 2029. Investors submitted $1.046 billion in offers, of which $470 million was allotted at an 8 % nominal rate (7.99 % TNA, 8.29 % TIREA). A second round will be opened for up to $150 million on the same terms. Market reaction was positive: Argentina’s S&P Merval rose about 2 %, and the country risk spread fell to just above 400 basis points, its lowest level this year.

The proceeds are earmarked to strengthen the government's fiscal position and meet debt obligations through 2027, aligning with President Javier Milei’s program to curb market liquidity and bring inflation down to international levels.