Argentinian companies, including state-run oil firm YPF SA, Telecom Argentina SA, and top clean energy generators, are capitalizing on low rates to refinance debt as financial volatility looms due to upcoming primary elections. The companies issue near-zero interest rate bonds that will repay investors at the spot exchange rate at maturity, anticipating a forced peso devaluation due to dwindling dollar reserves. Economists forecast the peso could depreciate to 400 per USD by year-end.