{"id":13380,"date":"2026-07-03T17:29:48","date_gmt":"2026-07-03T20:29:48","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=13380"},"modified":"2026-07-03T17:29:49","modified_gmt":"2026-07-03T20:29:49","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c07%ec%9b%94-03%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=13380","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(07\uc6d4 03\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \uad6d\uac00\uc704\ud5d8\ub3c4, \uad6d\ucc44\u00b7ADR \uc0c1\uc2b9\uc5d0 2018\ub144 \uc774\ud6c4 \ucd5c\uc800\uce58 \uae30\ub85d
    \uc544\ub974\ud5e8\ud2f0\ub098 \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub294 \uc6d4\uac00\uc5d0\uc11c \ucd5c\ub300 0.5% \uc0c1\uc2b9\ud558\uba70 \uac15\uc138\ub97c \uc774\uc5b4\uac14\ub2e4. \uc774\uc5d0 \ub530\ub77c \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 6\ud3ec\uc778\ud2b8 \ud558\ub77d\ud55c 415bp\ub97c \uae30\ub85d\ud588\ub2e4.
    JP\ubaa8\uac74\uc774 \uc0b0\ucd9c\ud558\ub294 \uad6d\uac00\uc704\ud5d8\ub3c4 \uc9c0\uc218\ub294 2018\ub144 4\uc6d4 \ub9d0 \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc5d0 \ub3c4\ub2ec\ud588\ub2e4.
    \uad6d\ucc44 \uac00\uc6b4\ub370\uc11c\ub294 \ubcf4\ub098\ub974(Bonar) 2041\uc774 0.8% \uc0c1\uc2b9\ud558\uba70 \uac00\uc7a5 \ub192\uc740 \uc0c1\uc2b9\ub960\uc744 \uae30\ub85d\ud588\uace0, \uc774\uc5b4 \uae00\ub85c\ubc8c \uad6d\ucc44 2038, 2041, 2046\ub3c4 \uc0c1\uc2b9\ud588\ub2e4.
    \uad6d\ucc44 \uac15\uc138\uc640 \ud568\uaed8 \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5\ub4e4\uc758 \ubbf8\uad6d \uc0c1\uc7a5 \uc8fc\uc2dd(ADR)\ub3c4 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\uc73c\uba70, \uc77c\ubd80 \uc885\ubaa9\uc740 \ucd5c\ub300 4.2% \uc62c\ub790\ub2e4.
    \uad6d\ub0b4 \uc99d\uc2dc\ub3c4 \uc774\ub7ec\ud55c \ub099\uad00\ub860\uc5d0 \ub3d9\ucc38\ud588\ub2e4. \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4 \uc99d\uad8c\uac70\ub798\uc18c\uc758 \uba54\ub974\ubc1c(Merval) \uc9c0\uc218\ub294 \ud398\uc18c \uae30\uc900 1%, \ub2ec\ub7ec \uae30\uc900 0.5% \uc0c1\uc2b9\ud558\uba70 \uac70\ub798\ub97c \ub9c8\ucce4\ub2e4.
    \uc774\uc640\uad00\ub828 iProfesional\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \ubd84\uc11d\ud588\ub2e4.
    “\ud604\uc7ac \uad6d\uac00\uc704\ud5d8\ub3c4\uac00 400\ud3ec\uc778\ud2b8 \uc544\ub798\ub85c \ub0b4\ub824\uac08 \uac00\ub2a5\uc131\uc744 \uace0\ub824\ud558\uba74 \ud22c\uc790 \ub300\uc548\uc73c\ub85c\ub294 \uae00\ub85c\ubc8c \uad6d\ucc44 GD35(2035\ub144), GD38(2038\ub144), GD41(2041\ub144) \uc774 \uc801\ud569\ud558\ub2e4.
    \ubc18\uba74 \uc138\uc218 \uac10\uc18c\uac00 \uacc4\uc18d\ub418\uace0 \uacbd\uc81c \ud68c\ubcf5\uc774 \uc544\uc9c1 \ucda9\ubd84\ud558\uc9c0 \uc54a\uc9c0\ub9cc, \uc7ac\uc815\ud751\uc790\uac00 \uc8fc\ub85c \uc9c0\ucd9c \uc0ad\uac10\uc744 \ud1b5\ud574 \uc720\uc9c0\ub418\ub294 \uc2dc\ub098\ub9ac\uc624\ub77c\uba74 \ubcf4\ub2e4 \ubcf4\uc218\uc801\uc778 \ud22c\uc790 \uc804\ub7b5\uc774 \uc801\uc808\ud558\ub2e4.
    \uc774 \uacbd\uc6b0 Bopreal 2027\u00b72028\uacfc 2029\ub144 \ub9cc\uae30 \ub2ec\ub7ec \ud45c\uc2dc \uad6d\ucc44\ub85c \uad6c\uc131\ub41c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \ucd94\ucc9c\ud560 \uc218 \uc788\ub2e4.”<\/li>\n\n\n\n
  2. \uc911\uc559\uc740\ud589 \uc678\ud658\ubcf4\uc720\uc561, \uc644\ub9cc\ud55c \ub2ec\ub7ec \ub9e4\uc785\uc5d0\ub3c4 \uc99d\uac00
    \uc911\uc559\uc740\ud589(BCRA)\uc758 \ucd1d\uc678\ud658\ubcf4\uc720\uc561\uc740 \ud55c \ub2ec \ub9cc\uc5d0 \ucd5c\uace0 \uc218\uc900\uc744 \uae30\ub85d\ud558\uba70 480\uc5b5 \ub2ec\ub7ec\ub97c \ub118\uc5b4\uc130\ub2e4.
    \ud558\ub8e8 \ub9cc\uc5d0 9\uc5b54,800\ub9cc \ub2ec\ub7ec \uc99d\uac00\ud574 \ucd1d 480\uc5b5400\ub9cc \ub2ec\ub7ec\ub85c \ub9c8\uac10\ud588\ub2e4.
    7\uc6d4 \ub4e4\uc5b4 \ub204\uc801 \uc99d\uac00\uc561\uc740 31\uc5b53,100\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\uc73c\uba70, \uc774\ub294 6\uc6d4 \ub9d0 \ubc1c\uc0dd\ud588\ub358 \ud68c\uacc4\uc0c1 \uac10\uc18c\ubd84\uc744 \ubaa8\ub450 \uc0c1\uc1c4\ud588\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc5d0\ub294 \uc790\uc0b0 \uac00\uce58 \uc0c1\uc2b9\uc774 \ud06c\uac8c \uae30\uc5ec\ud588\ub2e4.
    \uae08 \uac00\uaca9\uc774 1.28% \uc0c1\uc2b9\ud558\uba74\uc11c \uc57d 1\uc5b57,200\ub9cc \ub2ec\ub7ec\uac00 \uc99d\uac00\ud588\ub2e4.
    \uc720\ub85c\ud654, \ud30c\uc6b4\ub4dc\ud654, \uc704\uc548\ud654, \uc5d4\ud654\uac00 \ub2ec\ub7ec \ub300\ube44 \uac15\uc138\ub97c \ubcf4\uc778 \uac83\ub3c4 \uae0d\uc815\uc801\uc73c\ub85c \uc791\uc6a9\ud588\ub2e4.
    \ubc18\uba74 \uc911\uc559\uc740\ud589\uc758 \uc2e4\uc81c \ub2ec\ub7ec \ub9e4\uc785\uc740 \ub9e4\uc6b0 \uc81c\ud55c\uc801\uc774\uc5c8\ub2e4.
    \ud558\ub8e8 \ub9e4\uc785\uc561\uc740 2,500\ub9cc \ub2ec\ub7ec\uc5d0 \ubd88\uacfc\ud588\ub2e4.
    \uc774\ub294 \ub2f9\uc77c \uacf5\uc2dd \uc678\ud658\uc2dc\uc7a5 \uac70\ub798\ub7c9 5\uc5b55,800\ub9cc \ub2ec\ub7ec\uc758 \uc57d 4% \uc218\uc900\uc774\ub2e4.
    \uc62c\ud574 \ub204\uc801 \uc21c\ub9e4\uc785 \uaddc\ubaa8\ub294 112\uc5b51,500\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud55c\ub2e4.
    \uc911\uc559\uc740\ud589\uc740 120\uac70\ub798\uc77c \uc5f0\uc18d \uc21c\ub9e4\uc218\ub97c \uc774\uc5b4\uac00\uace0 \uc788\uc9c0\ub9cc, \uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \uc720\uc9c0\ud558\uace0 \uc788\ub2e4.<\/li>\n\n\n\n
  3. \uacf5\uc2dd\ud658\uc728 \uc870\uc815\uacfc \ud658\uc728 \uc804\ub9dd
    \ub3c4\ub9e4\ud658\uc728\uc740 1\ud398\uc18c \ud558\ub77d\ud574 \ub2ec\ub7ec\ub2f9 1,488\ud398\uc18c\uc5d0 \uac70\ub798\ub97c \ub9c8\uac10\ud558\uba70 5\uac70\ub798\uc77c \uc5f0\uc18d \uc0c1\uc2b9\uc138\ub97c \uba48\ucdc4\ub2e4.
    \ub2e4\ub9cc 6\uc6d4\uc5d0\ub294 \uc6d4\uac04 5.3% \uc0c1\uc2b9\ud574 \uc62c\ud574 \uac00\uc7a5 \ud070 \uc6d4\uac04 \uc0c1\uc2b9\ud3ed\uc744 \uae30\ub85d\ud588\ub358 \ub9cc\ud07c \uc5ec\uc804\ud788 \uc5f0\uc911 \ucd5c\uace0 \uc218\uc900\uc5d0 \uadfc\uc811\ud574 \uc788\ub2e4.
    \uc8fc\uc694 \ud658\uc728\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.
    \uacf5\uc2dd\ud658\uc728: 1,488\ud398\uc18c
    MEP \ud658\uc728: 1,522.16\ud398\uc18c
    CCL \ud658\uc728: 1,569.95\ud398\uc18c
    CCL\uacfc\uc758 \ud658\uc728 \ucc28\uc774: 5.5%
    \ub2f9\uc77c \ud604\ubb3c \uc678\ud658\uc2dc\uc7a5 \uac70\ub798\ub7c9\uc740 5\uc5b55,800\ub9cc \ub2ec\ub7ec\uc600\ub2e4.
    \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ud658\uc728 \uc0c1\uc2b9 \uc555\ub825\uc758 \uc6d0\uc778\uc73c\ub85c
    *\ub300\ub450 \ub4f1 \uc8fc\uc694 \ub18d\uc0b0\ubb3c \uc218\ucd9c \uc2dc\uc98c \uc885\ub8cc
    *\ub2ec\ub7ec \uac15\uc138
    *\ud398\uc18c \uc720\ub3d9\uc131 \uc7ac\uc870\uc815 \ub4f1\uc744 \uc9c0\ubaa9\ud588\ub2e4.
    \ub2e4\ub9cc \uc804\ubb38\uac00\ub4e4\uc740 \uae09\uaca9\ud55c \uc0c1\uc2b9\ubcf4\ub2e4\ub294 \uc810\uc9c4\uc801\uc778 \ud658\uc728 \uc0c1\uc2b9 \uacbd\ub85c\ub97c \uc608\uc0c1\ud558\uace0 \uc788\ub2e4.
    \uc120\ubb3c\ud658 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ucd1d 13\uc5b58,200\ub9cc \ub2ec\ub7ec\uac00 \uac70\ub798\ub410\uc73c\uba70,
    7\uc6d4 \ub9d0 \uc608\uc0c1 \ud658\uc728: 1,508\ud398\uc18c
    12\uc6d4 \ub9d0 \uc608\uc0c1 \ud658\uc728: 1,651\ud398\uc18c\ub85c \uc804\ub9dd\ub410\ub2e4.<\/li>\n\n\n\n
  4. Genneia \ubc1c\uc804\ud68c\uc0ac, \ubbf8\uad6d \uc99d\uc2dc \uc0c1\uc7a5 \ucd94\uc9c4
    \uc544\ub974\ud5e8\ud2f0\ub098 \ucd5c\ub300 \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \ubc1c\uc804\ud68c\uc0ac Genneia\uac00 \ubbf8\uad6d \uc99d\uc2dc \uc0c1\uc7a5\uc744 \uc704\ud55c \uc808\ucc28\ub97c \uacf5\uc2dd \uc2dc\uc791\ud588\ub2e4.
    \ud68c\uc0ac\ub294 \ubbf8\uad6d \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC)\uc5d0 \uae30\uc5c5\uacf5\uac1c(IPO) \ub4f1\ub85d \uc11c\ub958\ub97c \uc81c\ucd9c\ud588\ub2e4.
    \ub274\uc695\uc99d\uad8c\uac70\ub798\uc18c\uc5d0\uc11c\ub294 ADS(\ubbf8\uad6d\uc608\ud0c1\uc8fc\uc2dd) \ub97c ‘GENN’ \uc774\ub77c\ub294 \uc885\ubaa9\ucf54\ub4dc\ub85c \uc0c1\uc7a5\ud560 \uc608\uc815\uc774\uba70, \ub3d9\uc2dc\uc5d0 \uc544\ub974\ud5e8\ud2f0\ub098 \uc99d\uad8c\uac70\ub798\uc18c(BYMA)\uc5d0\ub294 \ud074\ub798\uc2a4 B \uc8fc\uc2dd\uc744 \uc0c1\uc7a5\ud55c\ub2e4.
    \ucd5c\uc885 \uacf5\ubaa8\uac00\uaca9\uacfc \uc0c1\uc7a5 \uc77c\uc815\uc740 SEC \uc2b9\uc778 \uc774\ud6c4 \uacb0\uc815\ub41c\ub2e4.
    \uc0c1\uc7a5\uc774 \uc131\uc0ac\ub418\uba74 2019\ub144 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5\uc774 IPO\ub97c \ud1b5\ud574 \uc6d4\uac00\uc5d0 \ubcf5\uadc0\ud558\ub294 \uc0ac\ub840\uac00 \ub41c\ub2e4.
    \uc774\ubc88 IPO\ub294 \uc2e0\uc8fc \ubc1c\ud589\uacfc \uae30\uc874 \uc8fc\uc8fc\uc758 \uc77c\ubd80 \uc9c0\ubd84 \ub9e4\uac01\uc744 \ud568\uaed8 \ud3ec\ud568\ud55c\ub2e4.
    Genneia\ub294 \ucd1d \ubc1c\uc804\uc124\ube44 2,128MW\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc73c\uba70, \uc544\ub974\ud5e8\ud2f0\ub098 \ud48d\ub825\ubc1c\uc804\uc758 \uc57d 21%\ub97c \ub2f4\ub2f9\ud55c\ub2e4.
    2025\ub144 1\ubd84\uae30 \uc2e4\uc801\uc740, \ub9e4\ucd9c 9,640\ub9cc \ub2ec\ub7ec,
    \uc21c\uc774\uc775 790\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n\n\n\n
  5. \ub2e4\uc6b0\uc874\uc2a4, \uae30\uc220\uc8fc \uc57d\uc138\uc5d0\ub3c4 \uc0ac\uc0c1 \ucd5c\uace0\uce58
    \ub274\uc695\uc99d\uc2dc\ub294 \ubcc0\ub3d9\uc131\uc774 \ud070 \uc7a5\uc138 \uc18d\uc5d0\uc11c \ud63c\uc870\uc138\ub85c \ub9c8\uac10\ud588\ub2e4.
    \ub2e4\uc6b0\uc874\uc2a4\uc9c0\uc218: +1.1% (\uc0ac\uc0c1 \ucd5c\uace0\uce58 \uacbd\uc2e0)
    S&P500: -0.1%
    \ub098\uc2a4\ub2e5: -0.8%
    \ub098\uc2a4\ub2e5\uc740 \ud14c\uc2ac\ub77c\uc640 \uae30\uc220\uc8fc \uc57d\uc138\uc758 \uc601\ud5a5\uc744 \ubc1b\uc558\ub2e4.
    \uc2dc\uc7a5\uc740 \ubbf8\uad6d 6\uc6d4 \uace0\uc6a9\uc9c0\ud45c\uc5d0 \uc8fc\ubaa9\ud588\ub2e4.
    \uc2e0\uaddc \uace0\uc6a9: 5\ub9cc7,000\uba85
    \uc2dc\uc7a5 \uc608\uc0c1: 11\ub9cc4,000\uba85
    \uc608\uc0c1\uce58\ub97c \ud06c\uac8c \ubc11\ub3cc\uc558\ub2e4.
    \ubc18\uba74 \uc2e4\uc5c5\ub960\uc740 4.2%\ub85c \uc18c\ud3ed \ud558\ub77d\ud588\ub2e4.
    \ub178\ub3d9\uc2dc\uc7a5\uc774 \ub2e4\uc18c \ub454\ud654\ub418\uba74\uc11c \uc2dc\uc7a5\uc740 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uac00 7\uc6d4\uc5d0 \uae08\ub9ac\ub97c \uc778\uc0c1\ud560 \uac00\ub2a5\uc131\uc774 \ub0ae\uc544\uc84c\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4.
    \ub610\ud55c \uc5f0\uc900 \uc758\uc7a5 \ucf00\ube48 \uc6cc\uc2dc(Kevin Warsh) \ub294 \uc778\ud50c\ub808\uc774\uc158 \uc704\ud5d8\uc774 \uc644\ud654\ub418\uae30 \uc2dc\uc791\ud588\ub2e4\uace0 \uc5b8\uae09\ud574 \uc2dc\uc7a5\uc758 \ub099\uad00\ub860\uc744 \ub4b7\ubc1b\uce68\ud588\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":13381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-13380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13380"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13380\/revisions"}],"predecessor-version":[{"id":13382,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/13380\/revisions\/13382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/13381"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}