Economy seeks to roll maturities for $400,000 million in the first test of 2023

For those entities that are part of the Market Makers Program, the ministry offers two Discount Treasury Bills, one closing on April 28 and the other on May 31, and a third adjusted for CER (inflation) and at a discount payable on may 19.

There will also be titles for those who are not part of the market makers program and which are a Letter linked to the variation of the dollar payable on October 31 and a private Badlar rate, for 0.70 points, maturing on November 23, 2027. Finally, and exclusively for Importers registered with AFIP, there will be a bonus linked to the variation of the dollar that will be paid on April 28.

The challenge is to achieve a greater participation of the private sector in this type of operations and that the “duration” can be stretched, which does not exceed three and a half months.

According to the Congressional Budget Office (OPC) in January bonds at nominal values ​​for a total of $416,694 million mature, of which $408,268 million are principal amortizations and $8,426 million interests. This Monday a BOCON (PR13) for $1,036 million expires and on Wednesday interests of the BONTE 2024 (TB24) for $1,648 million. The main commitment will be this Friday when a LECER (X20E3) for $255,079 million and LELITES for $53,341 million expire. Then for January 26 there will be interest for $6,752 million of a BONCER 2024 (T2X4) and for January 31 $98,838 million of an LEDE (S31E3).

Secondly, The Treasury has to pay this month $42,000 million of Temporary Advances from the Central Bank; interest for $3,374 million of a bond held by the ANSES Sustainability Guarantee Fund and $653 million of repayments and interest on various loans.