The Casa Rosada is celebrating after what was the payment of capital and interest maturities on sovereign bonds in dollars, which reflects the highest debt repayment rate in the last three years. In this sense, President Javier Milei celebrated the measure with a message through his social networks: “Debts are paid. Long live Freedom Damn”shot the head of state.
In detail, the payment made by the Argentine government amounts to 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 a little after 9:30 and the disbursement It impacted the holders’ accounts at 10 o’clock.
Javier Milei’s celebration after confirmation of debt payment
The Government celebrated the completion of a payment on Thursday who had been working since July 2023. The expiration – which included the announcement of the deposit of US$1,450 million in New York to strengthen confidence in the government – is therefore a fact of relevance for the libertarian administration.
This is what Milei considered it, who, as usual, used his social networks to leave a brief message about what happened: “Debts are paid. Long live Freedom Damn“, published the head of state through his X account.
In the same way, the Secretary of Finance, Pablo Quirno, also spoke about the fact: “They say that what is promised is a debt. In this case, PAID“, he declared.
The Government made the largest debt payment in three years and the market anticipates the effects
He payment was made by the Central Bank (BCRA) and, although the disbursement impacted the holders’ accounts at 10 o’clock, some of the beneficiaries will not see the money in their accounts today due to a holiday in the United States. In detail, Bonares holders will see the funds credited today morning, but those who have Globales will only receive the money between Friday and next week, given that the Bank of New York (BoNY) It only pays tomorrow due to the mourning holiday in the US for the death of former President Jimmy Carter.
Thus, the bonds that will trigger payments are 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 Globals nominated in euros (GE29, GE30, GE35, GE38, GE41 and GE46).
Faced with this disbursement, experts analyze what will be the next steps that the market analyzes to determine the future performance of sovereign debt and, above all, which securities have the greatest upside potential. One of the first effects that the market weighs is the impact on reserves since the BCRA will lose a large part of what it pocketed in the first days of the year due to the debt obligations that the Treasury must face.
PPI detailed that “the payment of coupons and amortizations on January 9 will cause a drop in liquid reserves (today close to US$16,000 million) of about US$3,300 million (corresponding to the capital, because the interest is already deposited abroad), although it will leave the net amounts unchanged, since the Treasury deposits in the BCRA are already deducted as short-term liabilities.” Consequently, The reserves would decrease by the same magnitude as what they increased so far in 2025. Almost the entire bulk corresponds to the GD30 (US$1,166 million) and the AL30 (US$1,087 million).
By mid-September, the Treasury had turned around US$1,528 million to the Central Bank (BCRA) to pay debt and in October, the BCRA monetary regulator sent US$998 million and the equivalent of about US$60 million in euros to a bank in New York to pay interest on this January maturity of global dollar bonds (GD) and then announced that it had funds to pay off the principal maturities. Before taking that step, the Government closed a REPO with five banks for US$1,000 million with the aim of shoring up reserves for payment.
The expectation for market dynamics this Thursday is moderated by the holiday in the US, but there are cconsensus in the city that this will generate a positive impact because it shows that the Argentine Treasury meets its maturities and shows that the Government is willing to honor its obligations.
Source: Ambito
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