Story perspectives

Buenos Aires Issues $600M Bonds Amid Post-Election Optimism

11/22/2025

Summary

Story summary

Buenos Aires City issued $600 million in international bonds on November 18, its first sale since 2016.
This followed nearly $3.5 billion in corporate debt sales over three weeks, spurred by post-election confidence.
Argentina's risk spread over United States Treasuries narrowed, encouraging issuances.
President Javier Milei's administration remains cautious about boosting reserves and relaxing currency controls.
The Central Bank's net foreign reserves are negative and fall short of IMF targets.

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Story summary

Buenos Aires City issued $600 million in international bonds on November 18, its first sale since 2016.
This followed nearly $3.5 billion in corporate debt sales over three weeks, spurred by post-election confidence.
Argentina's risk spread over United States Treasuries narrowed, encouraging issuances.
President Javier Milei's administration remains cautious about boosting reserves and relaxing currency controls.
The Central Bank's net foreign reserves are negative and fall short of IMF targets.