The Ministry of Economy announced that it will tender LECER and BONCER with short-term maturities and one in November 2025.
He Ministry of Economy announced that it will tender on Tuesday three debt securities that are adjusted for inflation and have maturities scheduled for February and May of this year, and November 2025. It’s the first test of the month for Caputo, after having a good result with the import bonus.
The offer includes a Lyrics adjusted by CER (price variation) at a discount due on February 20, and another, with similar characteristics, but payable on May 20. The third title to be tendered is a bonus also adjusted by CERwith a surcharge of 1.80% and maturity on November 9 of next year.
The reception of offers for all instruments will begin at 10 a.m. and will end at 3 p.m. on Tuesday, reported the Ministry of Economy.
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In December, the first tender with Javier Milei As president, debt worth US$2.96 trillion was placed on a rate of 8.66% lower than expected by the market. The aggressive stance of the Ministry of Economy is destined to liquefy this enormous volume of pesos, most of which have strong restrictions on converting to dollars.
What is known about the possible debt exchange
On Wednesday, after having reached an agreement with the International Monetary Fund (IMF) to finance payments to that organization until April inclusive, the Minister of Economy, Luis Caputo, acknowledged that it is analyzing the possibility of carrying out a debt exchange in local currency.
“There was a rumor about the meeting with banks that is true, we had it and it is a dialogue exploring management possibilities of liabilities that we believe can be beneficial for the country and for the banks themselves, are regular conversations that are logical to have,” Caputo said during a press conference in which the agreement reached with the IMFand other economic and financial topics.
Source: Ambito
