Dec 5 (Reuters) – Argentina announced on Friday the tender for a four-year dollar bond governed by local law as President Javier Milei’s administration continues to test the waters for an eventual return to international capital markets.

The tender for the so-called Bonar, with a 6.50% coupon, will take place December 10, Argentina’s Economy Ministry said. The local law issuance, maturing November 30, 2029, does not need the approval of Congress. There were no details on the size of the offering.

Milei’s government is seeking to rebuild investor confidence and bolster depleted foreign currency reserves after years of overspending that left the country locked out of global capital markets. Argentina, a serial defaulter, most recently missed payments on its international debt in 2020.

“We

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