The Argentine government has introduced a new dollar bond, named Bonar 2027, to entice retail savers who may currently have their funds idle in bank accounts. This bond will feature a 6% annual nominal interest rate, paid out monthly, equating to 0.5% per month. The initiative aims to provide a predictable investment avenue as it expires just before President Javier Milei's term ends, encouraging deposits into the economy.

The announcement was made on a Monday afternoon by the Finance Secretariat, detailing the terms of the bond which is designed to create a stable and recurrent income source for investors. By implementing a structured monthly payment system, the government hopes to appeal to traditional savers who typically opt for secure and steady financial products. This strategy may also help boost the local economy by increasing the flow of private investments through government-issued securities.

Overall, the launch of the Bonar 2027 represents an effort by the Argentine government to manage inflationary pressures and enhance liquidity in the financial market. By securing investment from savers domestically, the government may strengthen its financial position as it navigates economic challenges, while simultaneously preparing for a transition period as Milei's administration approaches the end of its term.