The Ministry of Economy made official the issuance of three bonds in pesos, zero coupon and adjusted for inflation with which it obtained $1.3 billion that will be used to repurchase debt that is held by the Central Bank.
According to Joint Resolution 8/2024 between the Ministry of Economy, the Ministry of Finance and the Treasury, the bond matures on June 30, 2026 for an amount of up to original face value of five trillion pesos (VNO $5,000,000,000,000 ). The second bonus has the same conditions as the first while the third expires until June 30, 2028.
The result of the last tender of the month
On Tuesday, the Ministry of Economy placed bonds, at zero coupon and adjusted for price variations, with which it obtained $1.3 billion that will be used to repurchase debt that is held by the Central Bank.
After the closing of the placement, the Minister of EconomyLuis Caputo, -through his account on the social network
He Investor interest was reflected in the 450 offers received for $2.3 billion in nominal value, of which $1.2 billion was accepted, which represented an effective value of $1.3 billion.
The bulk of what was awarded, $1.2 billion, went to el Bond with adjustment for CER (inflation) with expiration scheduled for June 30, 2026, which had a cut-off price of $1,050
Meanwhile, the second, with similar characteristics, but payable on June 30, 2027, added offers for $150,897 million, with a cut-off price of $1,035.
The placement of the third bond scheduled for the day, which also adjusts for inflation and with maturity scheduled for June 30, 2028, was declared “desert.”
On Friday, when the portfolio driven by Luis Caputo, made the lcalled to tender for these titles, The official said that “financial balance in 2024 is a central commitment of the Ministry of Economy that eliminates the need to resort to debt to finance the fiscal deficit”
“In a framework where orWe observe market interest in extending deadlines, The proceeds of this tender will be used to repurchase Treasury debt in the Central Bank’s portfolio,” the Treasury Palace explained in a statement.
Source: Ambito
