The Ministry of Economy placed three bonds in pesos this Friday for which it received $165,866 million, of which 74% was tied to a title maturing in 2027; in a tender in which the National Treasury faced maturities for $162,091 million.
With what was obtained this Friday and in other tenders, The Ministry of Economy renewed the maturities and managed to attract an extra financing of $33,500 million so far this monthhighlighted the economic portfolio through a press release.
In this tender, the menu of instruments offered consisted of three new titles: A Discount Letter (LEDE) maturing on March 31, 2023, a Treasury Bond (Bonte) payable on November 23, 2027 and a Liquidity Letter (Lelite) for December 16, 2022 intended exclusively for Mutual funds.
In the tender, 620 offers were received for $175,941 million nominal value, awarding $172,206 million, which represented an effective value of $165,866 million.
Of the total financing obtained, 26% was represented by nominal fixed-rate instruments maturing in 2022 and 2023while the remaining 74% was represented by the variable rate instrument, which will be paid on November 23, 2027.
With what was obtained this Friday and in other tenders, the Ministry of Economy renewed the maturities and managed to attract extra financing of $33.5 billion so far this month.
The Ministry of Economy highlighted “the high participation of the private sector in relation to the publicexplained the latter by the participation in the conversion operation carried out on November 10”.
In this operation, carried out on Thursday of last week, the portfolio directed by Sergio Massa sought to exchange $1.7 trillion in titles that expired until the end of the year, and obtained a 61% adhesion by managing to postpone the payment of $931,116 million, against delivery of “dual bonds” to be paid between June and September of next year.
The Ministry of Finance had to face maturities for $894,135 million in November and $847,110 million in December.
After this conversion operation, in which it was able to award $931,116 million in cash value, it reduced the projected maturities to $464,625 million and $466,490 million, respectively.
The “dual bonds” allow the holder of the title to choose at the time of collection if they want to be readjusted for the variation of the exchange rate, or of the dollar, in addition to an overrate.
Beyond these antecedents, and within the framework of the Market Makers Program, On Tuesday of next week, the “Second Round” will be held, where offers can be received and awarded for up to 20% of the total nominal value. awarded in the tender this Friday.
The Ministry of Finance had to face maturities for $894,135 million in November and $847,110 million in December.
The next bidding will take place on Monday, November 28, as previously reported in the preliminary bidding schedule.
Until October, the national State debt reached US$381,684 million, while in the same month of 2021 it totaled US$346,672 million, reported the Ministry of Economy.
The debt in pesos, which is adjusted for inflation, amounted to the equivalent of US$49,921 million in October.
