Milei’s commitment to economic deregulation and fiscal responsibility has contributed to a positive market sentiment and a favorable environment for capital raising. So much so that Argentine energy companies are tapping U.S. debt markets, according to Bloomberg. Shale driller Vista Energy raised $600 million in its first foreign bond sale, while Pampa Energia is planning another market return this year amid growing output in Argentina’s Vaca Muerta shale. MSU Energy also secured $177 million to refinance debt. It’s hard to say that these efforts to access global lenders do anything but underscore Wall Street’s growing confidence in President Milei as he nears the end of his first year in office.
December 9, 2024
SOURCE: OIL PRICE
Wall Street Embraces Milei’s Argentina: Energy Firms Raise Millions in Bond Sale