Meanwhile, the Instruments to be tendered that make up The Market Makers Program will be five Treasury Bills in pesos maturing on April 29, June 30, July 29 and August 31, 2022, and February 17, 2023.
Treasury will try to capture at least $140,000 million with the instruments maturing in 2022 (LEDs)which will be at a fixed rate with an interest resulting from the call for bids, while the bill with due in 2023 will be one Lecer adjusted for prices (CER + 1.9%) with which it will seek to capture $45 billion.
Bids will also be reopened for three bondsone due on May 31 at a fixed rate of 22% -which is used mostly by banks to place percentages of reserve requirements that are enabled by the Central Bank’s regulations- by $20 billionand the others two adjusted for CER +1.45% and CER +1.55%due on August 13, 2023 and July 26, 2024for a total amount of $65,000 expandable up to the maximum amount issued, respectively.
“The settlement of the offers received and awarded in the first and second rounds will take place on Wednesday, March 2, 2022,” said Economy in a statement.
During January, the National Treasury faced maturities of $298.42 billion, which it not only canceled but was able to add positive net financing of $110.4 billion, which implied a refinancing rate of 137%, to which another $90 billion of net financing was added. first tender in February.
In the last call, Ledes placed May and July with a TEA (Annual Effective Rate) of 52.6% and 52%, although it is speculated that it will validate a new rate hike after the Central Bank announced last week an increase in 250 points in the monetary policy rate.
Source: Ambito
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