Overview
- The Treasury sold the full first tranche of the new AL27 at a 5.89% effective yield and scheduled a second-round offering of up to $100 million for Thursday.
- Investor interest was heavy, with $868 million in bids submitted for the $150 million on offer.
- Finance plans twice‑monthly sales of $150 million with optional $100 million follow‑ups to build as much as $2 billion before mid‑year.
- Proceeds are earmarked for July 2026 principal payments to private bondholders, with about $2.7 billion falling due.
- The bond, issued under Argentine law, matures on October 29, 2027 and carries a 6% nominal annual coupon paid monthly.