The issuance of this new Treasury Bill aims to satisfy the Government’s short-term financial needs, replacing a previous issue that is about to expire.
The Government made official this Tuesday the issuance of a new National Treasury bill in dollars short term. Led by the Ministry of Economy and the Ministry of Finance, the communication was published in the Official bulletin through the Resolution 12/2024.
Details of the new Letter
The instrument will be issued for an amount of US$1,188 billion with the date of issue on February 23, 2024 and expiration on August 21, 2024. The term of this Letter is 180 dayswith a subscription price of US$987.82 per US$1,000 nominal.
Amortization It is full at maturity, and the interest is established as a zero coupon (0%) at a discount. The minimum denomination is US$0.01, and the option of early cancellation is contemplated through a pre-established formula.
Form of placement and negotiation
Installation is carried out directly to the National Public Sector and specific allocation funds. The Letter is non-transferable and It is not listed on stock markets. Ownership is certified by a document deposited in the CRYL of the BCRA, and financial services are provided through payments by transfer of funds managed by the BCRA.
Tax exemptions and objective of the issue
Tax exemptions have been provided in accordance with current laws and regulations. The purpose of this issue is to replace the “Discounted National Treasury Bill in US Dollars Decree 668/2019“, whose expiration is scheduled for February 23, 2024.
Likewise, the official text highlights that the issuance is carried out in accordance with Law 27,701 on the General Budget of the National Administration for the year 2023, Law 24,156 on Financial Administration and Control Systems of the National Public Sector. The signing authorities are the Secretary of Finance and the Secretary of the Treasury.
The issuance of this new Treasury Bill, according to the Resolution, aims to satisfy the Government’s short-term financial needs, replacing a previous issue that is about to expire.
Source: Ambito
