Economy placed debt in nominal pesos for the equivalent of US$ 41.3 million

This is a new Treasury Note –Series 10- with final maturity in February 2029. The MEF offered on Tuesday a tranche of $800 million and received a demand for $4.180 million.

Taking advantage of the investors’ appetite for this type of debt and the rate they were willing to accept, the MEF authorities made use of the option to award up to double the amount released ($1.6 billion) with a cut-off interest rate of 10.49% per year.

According to what was announced in the calendar for the period January-June 2023the government foresees domestic debt issuances for some US$ 490 million in that period, between tenders in current pesos, indexed units and pension units.

The financing needs of the central government for 2023 are estimated at around US$ 4,094 million. This figure includes US$1,832 million in bond amortizations and loans with multilateral organizations, interest payments for US$1,712 million, and a primary deficit of US$190 million, according to the latest sovereign debt report.

There are approximately US$ 3,670 million that will have as a source the placement of international bonds and in the domestic market.