Overview
- The Treasury awarded $100 million after receiving $348 million in bids, resulting in a 28.74% proration of orders.
- The cut held at 5.89% TIREA (5.74% nominal annual), matching the first-round pricing.
- Cumulative placement for the week reached $250 million as the Finance Secretariat pursues recurring reopenings over the coming months.
- The Bonar 2027 offers a 6% annual coupon in dollars with monthly payments and matures in October 2027.
- Analysts said demand suggested the government could have taken up to $498 million at the same rate, and they noted the lower yield versus recent reopenings points to compressed Argentine dollar credit spreads.