15/07/2026 16:40 - Economia
July 15, 2026 marks a milestone for the Argentine financial market: the National Treasury, led by Minister Luis Caputo (Argentina's Minister of Economy), will launch the new Bonar 2029 for an amount of up to 2 billion US dollars. This operation arrives at a moment of optimism, following a debt payment of 4.2 billion US dollars (of which 2.5 billion corresponded to sovereign bond coupons) made just days prior.
For a foreigner reading this, it is important to know that a 'Bonar' (short for 'Bono en Dólares' or Dollar Bond) is a sovereign debt instrument issued by the Argentine government in US currency. The market awaits this debut with enthusiasm, as it not only seeks to refinance maturities but also to consolidate the positive trend in the national economy. In fact, the country risk (a metric indicating the likelihood of a country defaulting on its debt, where lower is better) has remained at optimistic levels, hovering around 402 to 405 basis points, one of the most favorable records in recent times.
The launch of the Bonar 2029 takes place within a framework of remarkable stability. June 2026 inflation surprised the market by landing at 1.9%, breaking the 2% barrier for the first time in 10 months. Meanwhile, the official US dollar exchange rate remains stable between 1,495 and 1,515 Argentine pesos (ARS). To safeguard this tranquility, the Central Bank of the Argentine Republic (BCRA, by its Spanish acronym) maintains a robust reserves shield of 20 billion US dollars.
Football passion also makes its way into finance. Due to the crucial 2026 World Cup semifinal between Argentina and England, to be played on July 15 at 16:00 hours, the closing of the auction for the new AO29 bond was exceptionally moved up to 13:00 hours. A clear example of how deeply ingrained football culture is in Argentina, even dictating the rhythm of financial operations.
| Indicator | Value |
|---|---|
| Bonar 2029 Amount | Up to 2 billion USD |
| June 2026 Inflation | 1.9% |
| Country Risk | 402 - 405 basis points |
| BCRA Reserves Shield | 20 billion USD |
| Official Dollar Rate | 1,495 to 1,515 ARS |
The International Monetary Fund (IMF) projects a growth of 3.5% for Argentina, consolidating a recovery scenario. The visit of the IMF Managing Director, Kristalina Georgieva, scheduled for July 27, 2026, promises to be a new endorsement for the ongoing economic policies.
Sources: Infobae, Ambito Financiero, Clarin.
Alfredo S. Quiroga
