The Treasury is starting the issuance of bonds maturing in 2036 in US dollars.

External Financing Program and Bond Issuance

The Ministry of Treasury and Finance has authorized JPMorgan, Morgan Stanley, SMBC, and Societe Generale to issue US dollar-denominated bonds maturing in 2036 as part of the 2025 external financing program.

Initial Yield Expectation

Considered an important step for sector investments, the initial yield expectation for the 11-year US dollar-denominated bond in this auction process has emerged at 7.15 percent. This rate presents an attractive opportunity for investors.