The Argentine government will issue a bond aimed at foreign investors, called the BONTE, for US$1 billion. The administration made the decision as the country’s Central Bank has not bought U.S. dollars to strengthen international reserves since it struck a US$20 billion deal with the IMF in April. The BONTE will have a fixed rate, mature in 2030, and include a two-year put — that is, an option for the holder to sell the asset by a specified date — coinciding with the beginning of the 2027 presidential electoral campaign.
SOURCE: BUENOS AIRES HERALD