The measure provided for “the impact of the amount issued and not placed of the ‘National Treasury Bond in Pesos adjusted by CER 4.25% maturing February 14, 2025’.
Today the Government reactivated a treasury bond for state entities that must cancel maturities during January, according to Joint Resolution 4/2024 of the Secretariats of Finance and Treasury published in the Official bulletin.
The measure provided for “the impact of the amount issued and not placed of the ‘National Treasury Bond in Pesos adjusted by CER 4.25% maturity February 14, 2025′, originally issued through article 4 of joint resolution 14 of March 9, 2023″, for a total of original face value $220,525,179,370.
The official text clarifies that the instrument falls within “the budget authorizations for the current year contained in article 37 of law 27,701 of General Budget of the National Administration for fiscal year 2023″.
Regarding the destination of the bond, the secretariats dependent on the economic portfolio considered it appropriate to offer it to “entities of the National State cwith relevant maturities in the month of January 2024, such as the Central Bank of the Argentine Republic (BCRA) and the Sustainability Guarantee Fund (FGS), for its holdings of the ‘National Treasury Bill in pesos adjusted by CER at a discount maturing on January 18, 2024’, originally issued through article 1 of joint resolution 39 of August 10, 2023″.
In addition, the document that bears the signatures of the Secretaries of Finance and Treasury, Pablo Quirno and Carlos Guberman, respectively, established approval for the procedure for the subscription of the bond, and determined that it comes into effect from this Monday.
Source: Ambito
