Economy will tender ten bonds in pesos on the first business day after the elections

Economy will tender ten bonds in pesos on the first business day after the elections

He Ministry of Economy called for a tender for the Tuesday after the runoff, to raise funds that will allow it to face a expiration of $1.3 billion that expire 48 hours later.

The operation necessary to honor the imminent commitments will undoubtedly be impacted by the election result and it will be a response from market to him president elect.

Receipt of offers for all instruments It will begin at 10 a.m. and end at 3 p.m. on Tuesday, November 21specified the communication from the Ministry of Finance.

The consulting firm Romano Group indicated that the maturity to be paid is concentrated in a bond called LECER X23N3, which adjusts for inflation.

The menu offered consists of LECER, BONCER, DUAL BONUS, BONTE, LINKED DOLLAR BONUS AND SUSTAINABLE THEMATIC BONUS (CER).

The “Thematic and Sustainable Bonds” They are instruments where the funds, or an amount equivalent to them, will be applied exclusively to finance or refinance a combination of Green Projects and Social Projects.

According to Romano Group Treasury debt nominated in sum pesos in 2024 $32.7 billion pesos“The largest maturities are given by the debt that adjusts for CER $19.4 billion followed by the DUAL debt $13.3 billion,” he said.

The DUAL debt It is one that can be paid in both pesos and dollars depending on the most beneficial result for the investor.

Source: Ambito

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