The Treasury has already achieved a debt rollover of 201% so far in December

The Treasury has already achieved a debt rollover of 201% so far in December

In this regard, the Palacio de Hacienda reported that “Of the total amount awarded in the second round, 78% corresponded to the Lede with maturity in March 2023, while the remaining 22% corresponded to instruments maturing in April 2023, 19% to LEDE and 4% to LECER”.

In relation to the first call in which $785,000 million was awarded, the AlyC Portfolio Personal Inversiones (PPI) highlighted that 61.5% of what was captured was through fixed-rate instruments (Ledes and Lelite), where the letter with maturity on March 31 stood out with 38.6% of the total. It was followed by the Lecer with 19.9%, the dollar linked with 17.3% (with little relevance of the new title for importers) and the Badlar adjustable bonus with only 1.4%.

“In terms of rates, we believe that it was generous in some cases, although more than 29.5% of what was offered was left out,” the entity said. As an example, it is noted that As of March, Lede, which was operating between 84.75% and 86% nominal in the secondary market, was placed at 87.01%, which is equivalent to 117.4% annual cash. Meanwhile, the old bonds linked to the dollar (TV23 and T2V3) were in the upper range of 3.52% and 3.98%, respectively, while the new title for importers came out at 0% + devaluation.

December 28 will be the closing of the year, with a call to cover maturities for around $70,000 million.

Source: Ambito

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