Through Joint Resolution 2/2025 published in the Official Gazette, the Ministry of Economy together with the Secretariats of Finance and Treasury expanded the issuance of a National Treasury bill in dollars for a total amount of US$20 million.
The operation is carried out within the framework of Decree 1104/2024, which establishes that payments for certain capital and interest amortization services on non-transferable bills in dollars be replaced (60%) by new public securities with a maturity of five years and full amortization at maturity, while the remaining 40% is paid in cash.
This January 16, 2025, the fourth interest coupon of the “Nontransferable National Treasury Bill in US Dollars due January 16, 2033” expires. That is why to cancel the aforementioned 60%, it was decided to extend the Treasury Bill maturing on January 7, 2030 for an amount of US$20,007,616 to be delivered to the Central Bank.
This measure will come into force from the day of its issuance.
Payment of the first due date of the year
The Government proceeded to pay this Thursday principal and interest maturities of sovereign bonds in dollars for some US$4,341 million, according to data from the Congressional Budget Office (CPO). He is Secretary of Finance, Pablo Quirno reported that the operation had been completed shortly after 9:30 and the disbursement impacted the holders’ accounts at 10.
The bonuses included in the payments were the Bonares -with Argentine law- (AL29, AL30, AL35, AL38 and AL41), the Global -with foreign law- (GD29, GD30, GD35, GD38 and GD41), both denominated in dollars, and the Global nominated in euros (GE29, GE30, GE35, GE38, GE41 and GE46).
However, faced with this disbursement, experts analyze what the next steps analyzed by the market to determine the future performance of the sovereign debt and above all, which titles have a higher upside potential.
Source: Ambito
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