Argentina Sells Peso Bonds Abroad for First Time Since Macri Era

Argentina sold local currency debt to foreign investors, raising roughly $1 billion that will help boost central bank reserves a month after President Javier Milei’s government lifted most currency controls.

The five-year peso bonds carry a coupon of 29.5%, more than what some local banks had expected, Finance Secretary Pablo Quirno said in a social media post on Wednesday evening. The notes also include a two-year put option, offering investors an early exit before another presidential vote takes place in 2027.