He Ministry of Economy will tender this Wednesday bills and National Treasury bonds with maturities in April, June, July and September of 2023, and february and april 2024. They will be adjusted by discount, dual or tied to the dollar.
The instruments that may be subscribed by the Mutual funds are the liquidity Treasury bills at a discount as of April 2023. In the case of being part of the Market Makers program, Treasury bills will be offered in pesos with maturities in June, July and September of this year and will be adjusted by discount or per CER (adjusted for inflation). It is about the reopening of the S30J3 and X18S3, as well as the opening of the new instruments X18L3 and S31L3.
For those who are not part of the Market Makers program, National Bonds will be offered in dual currency maturing in February 2024 (TDF24) and another 0.40% dollar-adjusted Bond maturing in April 2024.
The bidding for LELITES expiring on April 21, 2023 it will be for $953.00 for each VNO $1,000 with a single sheet. The offers that are presented must indicate the amount of VNO in Pesos, which may be subscribed only by Mutual Investment Funds registered with the National Securities Commission, having to process their interest through their Depository Companies and offers by their own portfolio or by third parties of Depository Companies or human or legal persons other than Funds will not be allowed. Investment Commons.
Lelites are non-transferable and non-negotiable. On the day of the liquidation, the Depository Companies may instruct the BCRA CRYL to make a single transfer to Caja de Valores SA so that the instruments are deposited in the principal accounts of the Mutual Investment Funds that participated in the operation.
The bidding of instruments for the Market Makers program and for those outside the program It will be made by indicating a price and will not have a maximum or minimum price. For the presentation of offers of these instruments, there will be a competitive tranche and a non-competitive one.
Bids submitted in the competitive tranche of instruments denominated in pesos must indicate the amount of VNO to subscribe and the price for each VNO $1,000 with two decimal places, while the offers that are presented in the competitive tranche of the instruments denominated in dollars, must indicate the amount of VNO in US dollars to be subscribed and the price in US dollars for each VNO USD 1,000 with two decimal places.
The offers that are presented in the non-competitive tranches of the Market Maker instruments and outside of it will be limited to a maximum amount of VNO $3,000,000 for instruments denominated in pesos and of VNO USD 50,000 for those linked to the US dollarand only the amount to be subscribed must be entered.
Interested individuals or legal entities may participate in subscriptions to LEDES, LECER, BONO DUAL, and BONO DOLLAR LINKED, having to address their expressions of interest in a timely manner through the settlement and clearing agents (comprehensive and own) and Trading agents registered with the CNV, and in the case of the second round they must submit offers through the Market Makers.
Additionally, it is reported that the LEDES and the LECER that are tendered are part of the Market Makers Program approved by the Joint Resolution of the Ministry of Finance and the Ministry of Finance No. 1/2021. Market Makers, on Thursday, March 23, 2023 (T+1) from 11 a.m. and until 1:30 p.m.through the bidding system, may present in the In the second round, one offer for its own portfolio and one or more for the account and order of third parties, which will be by adhesion and at the same cut-off price of the first round. The total amount to be bid will be for up to a maximum original nominal value of 20% of the total awarded in the first round of the instruments that make up the Program.
Source: Ambito
