Argentina’s government said it had raised US$1 billion in a peso-denominated bond issuance, signalling confidence by international investors in the economic project of budget-slashing President Javier Milei. Dubbed “BONTE,” the treasury bond could be purchased in dollars at a fixed five-year rate of 29.5 percent. It was issued to boost foreign reserves and meet International Monetary Fund loan requirements.
SOURCE: BUENOS AIRES TIMES