The offering comprises a discounted Inflation Adjusted Bill maturing on May 20 of this year. In addition, it will offer two bonds also adjusted by CER, both with a “zero” coupon.
He The Ministry of Economy will tender this Friday three bonds in pesos, all of them adjusted by variation of the price index, and only one of them maturing this year.
The offer, promoted by the Minister of Economy, Luis Caputocomprises a Bill adjusted by CER (inflation) at a discount due on May 20 of this year.
In addition, it will be put to investors’ consideration two bonds also adjusted by CER, both with “zero” coupon, one maturing on June 30, 2026 and the second on June 30, 2027.
TENDER.jpg
Receipt of offers for all instruments It will begin at 10 a.m. and end at 3 p.m. on Friday.
The Ministry of Economy must refinance 5 billion pesos that mature until the end of the year, in a process in which it extends the deadlines.
“TZX26 and TZX27 will probably be issued with puts for the banking sector. If there is a good bidding, we could see more repurchases of Treasury securities from the BCRA,” commented IEB analyst Nicolas Cappella.
Source: Ambito
