obtained net financing for $722 billion

obtained net financing for 2 billion

It should be noted that the net financing for the month was $824,640 million, the highest of the year, as was the refinancing rate, which reached 200%. “The private sector provided almost all of the financing obtained,” said ministry sources.

In this tender the following titles were offered: a new LELITE maturing on September 18, 2023, exclusively for Mutual Investment Fundstwo CER-adjustable bills that were reopened, X23N3, maturing on November 23, 2023, and X18E4, maturing on January 18, 2024.

Finally, a reopening of 2 CER-adjusted bonds: T6X4 and T2X5, maturing on May 20, 2024 and February 14, 2025, respectively.

644 offers were received, representing a total offered VNO of $1.1 trillion, of which a VNO of $681,554 million was awarded, representing an effective value of $822,272 million, which implies a refinancing rate of 828%.

It was highlighted that 24% of the financing obtained corresponded to instruments maturing in 2023 while the remaining 76% corresponded to instruments maturing in 2024 and 2015.

In this tender, the average term weighted by the effective value awarded for the CER-adjusted instruments was 11.3 months. This represents a significant improvement from the July values ​​of 5.9 months.

The second round of the bidding will take place next Tuesday, where offers may be received and awarded for up to 30% of the total nominal value awarded in today’s bidding. This maximum amount to be awarded will be distributed through two bids of 15% each between market makers and leading market makers. The instruments that are part of the program are the two letters adjustable by CER: X23N3 and X18E4.

The next tender will take place on Thursday, September 14.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts