Entre Ríos is set to enter the international debt market with the issuance of a bond worth up to US$ 500 million. This move positions the province as the fourth in Argentina to return to the debt markets since the October elections. In total, over US$ 7.8 billion in bonds have been placed by companies and provinces in the last four months, reflecting a growing trend among local governments to tap into international investor appetite for Argentine debt.

This surge in bond issuance comes shortly before the National Treasury aims to auction another dollar-denominated bond in the local market. The influx of capital from these bond sales plays a crucial role in strengthening the Central Bank's reserves, which have been bolstered by more than US$ 2.5 billion from these activities since the start of the year. As Argentina faces significant debt maturities in 2023, securing international financing has become increasingly urgent for maintaining economic stability.

Entre Ríos aims to use this new bond issuance strategically to improve its debt profile and manage its obligations more effectively. The province's engagement in the international debt market underscores the ongoing efforts by various levels of government in Argentina to attract foreign investments and stabilize the economy in a challenging financial environment marked by inflation and currency devaluation.