Business & Finance
Milei Shuns Wall Street to Raise Dollars at Rate Lower Than 7%
Key Points
Milei Shuns Wall Street to Raise Dollars at Rate Lower Than 7% Argentine Economy Minister Luis Caputo’s strategy of resisting calls to raise funds in international markets appears to have paid off. A few months back, tapping global markets would have come at a cost of roughly 10%. Even today, it would still be around 9%.
Milei Shuns Wall Street to Raise Dollars at Rate Lower Than 7%
Argentine Economy Minister Luis Caputo’s strategy of resisting calls to raise funds in international markets appears to have paid off.
A few months back, tapping global markets would have come at a cost of roughly 10%. Even today, it would still be around 9%. Instead, the government has avoided the return to markets and secured dollars through other avenues in order to meet a $4.2 billion bond payment on July 9 at a rate below 7%.