Argentina's dollar bonds continue their rally
.
This Wednesday, minutes after the announcement by the Minister of the Economy, Sergio Massa,
about the decision to allocate US$ 1,000 million
to repurchase sovereign debt and thus prop up country risk and the exchange rate gap, dollarized securities increased their rise in New York.
The Global 2029 bond, the one with the shortest term and one of those mentioned by Massa
as the target of the purchases that the Central Bank will make on behalf of the Treasury,
jumped 11.44%
shortly before 10 in the morning in Argentina .
The Global 2030
, another of those mentioned,
climbed 11.11% in dollars in a few minutes
.
The entire curve of titles in Global dollars, those governed by the New York courts, showed rises.
The Global 2035 rose 10.37%, the Global 2038 7.59%, the Global 2041 accompanied with an advance of 6.22% and the Global 2046 gained just 8.42%.
The Minister of Economy announced this Wednesday the Government's decision
to open a "repurchase process of Argentina's external debt for more than US$ 1,000 million"
with the aim of calming the markets, in the midst of a sustained rise in the dollar in the parallel markets that yesterday reached a new nominal record.
"We saw a drop of a thousand points or more in the country risk
in Argentina
and it is a window
. That is why we have made the decision to carry out a process of repurchase of the Argentine external debt for more than one billion dollars that begins on the day of today," Massa said.
And he added: "We have made the decision in a joint resolution of the Ministry of Finance and the Treasury to entrust the Central Bank, for greater transparency, to carry out this repurchase process on behalf of the Treasury to continue lowering the country risk, which improves the possibilities Argentine companies and the Argentine State to access the capital market".
Developing
NS
look too
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