The government is expected to issue bonds with no fixed maturity

Argentine President Javier Milei is considering issuing perpetual bonds to pay a $16 billion lawsuit related to the nationalization of the state-owned energy company YPF.

Bloomberg reports. 

Oscillating between political jabs and political intentions, Miley suggested that the government would issue bonds with no fixed maturity while charging Argentines the "Kisilof tax," named after Buenos Aires Governor Axel Kisilof, who led the effort to nationalize YPF in 2012.

"Here we have a problem because we don't have the money, we don't have $16 billion, that's the reality, but we have the willingness to pay," he said in a television interview with La Nacion on Tuesday night. "What we're going to do, this is an idea we're working on, is to create a Kitzilloff tax, which means paying perpetual bonds into this fund."

Miley was referring to Burford Capital's litigation fund, which acquired the right to pursue lawsuits in 2015 and intends to receive the largest share of the compensation.