The negotiations would include the holding of a Repothat is, a loan from this set of entities, which would be guaranteed by the delivery of public securities. SeeThey would be negotiating around US$2.8 billion.
After the president Javier Milei confirmed -to reassure the markets- that it will seek to guarantee the Treasury debt maturities scheduled for next January, sources confirmed to Ambit that he The government will try to reach an agreement with international banks to obtain fresh funds.
The negotiations would include the holding of a Repothat is, a loan from this set of entities, which would be guaranteed by the delivery of public securities. SeeThey would be negotiating around US$2.8 billion.
“The only thing we have to guarantee are the interests. We already have the repo ready for next year, in case we want to go to the market and we don’t get enough to ‘roll’, we have the repo to cover it. That is, we pay whatever it takes”the head of state said on Friday in a press statement, after a week of instability in the markets and an increase in country risk.
Debt maturity profile for the period 2024-2025
It is estimated that next year The need for dollars to pay off debt will be around US$20 billiontaking into account both the public and private sectors. Meanwhile, Government bond maturities (principal and interest) total more than US$7.2 billion, According to a survey by the consulting firm EcoGo, based on data from the Central Bank of the Argentine Republic (BCRA).
Maturity profile 2024-2025.PNG
Weeks ago, the Secretary of Finance, Pablo Quirnohad also assured that the economic team was working for be able to refinance maturities in dollars next year.
“We do not ‘wait’ for the country risk to go down. We work without buts to make it happen (and to strengthen reserves as well,” said the official in charge of public debt management.
Source: Ambito
