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Tuesday, March 21, 2023

The Government will tender titles with maturities until July

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The instruments to be tendered that make up the Market Makers Program They are a discount bill maturing on may 31; other adjusted for CER (inflation) discount payable on June 16and a third, also at a discount with closure on June 30th.

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The offer is completed with a dollar-linked bond, payable on July 31, instrument to be bid that is not part of the Market Makers Program.

Receipt of offers for all instruments It will start at 10 a.m. and end at 3 p.m..

Because in January and February inflation reverted, the Lecer to June 16 Yields in the secondary market inflation plus an effective annual rate of 5.5%. According to high-frequency indicators, inflation in February would be moving at 6% with a core that rises to 7% per month.

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The government will leave to seek financing in the markets to renew maturities for some $283,500 million. This is the second tender of the month and since the economists of Together for Change came out to criticize the financing scheme in pesos and questioned its sustainability.

The Government will seek to reschedule the maturities of the debt in pesos of the second quarter for 2024 and 2025. This was anticipated by official sources to Ámbito. As they explained, The Ministry of Finance is working on a proposal to agree on the instrument with banking entities.

Source: Ambito

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