Eligible securities are converted into a basket of public debt instruments of the national state, both for the public sector (FGS, BCRA, ANSES, BNA, etc.) and also for the private sector.
He Ministry of Economy launched the invitation starting next Monday redeem holdings of debt in pesos with maturity in 2024. This was officially reported by the portfolio of Luis Caputo.
The call for bids for the conversion of eligible securities for a basket of public debt instruments of the national state is offered to the public sector (FGS, BCRA, ANSES, BNA, etc.) as well as to the private sector, entities of the financial and non-financial sector and natural and legal persons.
The Ministry of Finance carries out this exchange within the framework of article 11 of decree 331/2022 incorporated into the permanent complementary budget law.
The receipt of offers will begin at 10:00 a.m. on Monday, March 11, 2024 and will end at 3:00 p.m. on Tuesday, March 12, 2024 (T) and the settlement of the offers received and awarded will take place on Friday, March 15, 2024 (T+3).
In January, Caputo received a group of bank representatives to analyze alternatives to the debt crisis.
The meeting was the first step of the mega-swap proposal that the national government is launching today for the Treasury’s debt in pesos.
The tender includes all debt maturities in local currency scheduled for this year
The tender includes all debt maturities in local currency scheduled for this year, which are equivalent to around $57 trillion (about US$71 billion) in bonds in pesos. The Government’s objective is to bring maturities to zero in 2024.
The text released by the Ministry of Finance “invites, in the terms of article 11 of Decree 331/2022 incorporated into Law No. 11,672, Permanent Complementary Budget (to 2014) through article 26 of that decree, to the entities of the National State, such as the Sustainability Guarantee Fund (FGS), to entities of the public financial sector, such as the Central Bank of the Argentine Republic (BCRA) and the Banco de la Nación Argentina (BNA), to participate in an operation of conversion of the Eligible Securities for a Basket of National Treasury instruments. Likewise, the offer will be open to entities in the financial and non-financial sector and natural and legal persons.”
These are the details of the Eligible Titles
Source: Ambito
