The amount is for a nominal value in dollars of 27,077,802 USD to be delivered to the Central Bank, accruing interest from the date of placement.
The Finance Secretarywhich depends on Ministry of Economy They expanded the issuance of a Treasury Bill in dollars maturing on April 3, 2029 to meet maturities. This was established through Joint Resolution 23/2024 published in the Official Gazette.
The amount is for a nominal value in dollars of 27,077,802 USD to be delivered to the Central Bank, accruing interest from the date of placement.
Treasury bill: what are the maturities that must be paid
As provided in the Resolution, during the current fiscal year the capital amortization payments and the 60% of interest services on non-transferable bills in the BCRA portfolio will be replaced on the expiration date, by new securities issued at par with a five-year termwith full amortization at maturity and that will accrue an interest rate equal to that accrued by the international reserves for the same period and up to a maximum of the 1-year SOFR TERM rate plus the adjustment margin of zero point seventy-one thousand five hundred thirteen hundred thousandths of a percent (0.71513%) less one (1) percentage point, applied to the amount of capital actually subscribed.
And, on the other hand, andThe remaining forty percent (40%) of the interest services on the aforementioned bills will be paid in cash.
On April 22, the fourth interest coupon of the “Nontransferable National Treasury Bill in US Dollars due April 20, 2032”, in the BCRA portfolio, issued through article 1 of joint resolution 15 of 1April 1, 2022 of the Ministry of Finance and the Ministry of Finance, both of the Ministry of Economy (RESFC-2022-15-APN-SH#MEC), and ofThe eighth interest coupon of the “Nontransferable National Treasury Bills in United States Dollars”, also in the BCRA portfolio, originally issued through article 1 of joint resolution 28 of the April 20, 2020 of the Ministry of Finance and the Ministry of Finance, both of the Ministry of Economy (RESFC-2020-28-APN-SH#MEC).
With this expansion of the bill, the Ministry of Economy seeks to cancel 60% of the interest services of the Treasury Bill maturing on April 3, 2029.
Source: Ambito
