Argentina targets local market for financing

Argentina targets local market for financing

Debt Corporate & Sovereign Strategy Economy & Policy Argentina Latin America Coronavirus

Argentina's Economy Ministry said Monday that it will target the local capital markets for financing — not the central bank — in the last two months of this year, another move to try to arrest a slide in international reserves that has fueled a run on the peso. In a one-page statement issued before the markets opened, the ministry said it will seek to roll over 100% of its principal and interest falling due through the end of the year and secure net financing in the market for up to 10% of that

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial