The Ministry of Economy announced that it will put out to tender this Tuesday three debt securities that are adjusted for inflation and that have maturities scheduled for February and May of this year, and November 2025. This is the first test of the month for Luis Caputo, after having a good result with the import bonus.
The offer includes a discounted Bill adjusted by CER (price variation) due on February 20, and another, with similar characteristics, but payable on May 20. The third title to be tendered is a bond also adjusted by CER, with a surcharge of 1.80% and maturity on November 9 of next year.
In December, the first tender with Javier Milei as president, debt worth US$2.96 trillion was placed at 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.
Treasury Bill Expanded
Meanwhile, the Economy together with the Ministry of Treasury and Finance ordered the extension of a Treasury Bill issued in dollars maturing on January 7, 2034. According to Joint Resolution 3/2024 published in the Official Gazette, the instrument was issued on January 3 and the extension for the payment of interest is authorized.
The document clarifies that the expansion being promoted is within the limits established in the attached form of article 37 of law 27,701, with the modifications provided in articles 5 of decree 436/2023, 2 of decree 56/2023 and 1 of decree 23/2024, in force in accordance with article 27 of law 24,156 and its amendments, in the terms of decree 88/2023.
The extension of the bill maturing on January 7, 2034 was then extended by an amount of up to US$38,399,693.13, which will be placed at par with the Central Bank and will accrue interest from the date of placement, as reported. . The authorization of this procedure was signed by Pablo Quirno Magrane and Carlos Jorge Guberman, Secretaries of Finance and Treasury.
Source: Ambito
