The offers include four treasury bills capitalized in pesos with maturities on June 14, July 1, July 26 and August 30, 2024. In addition, there will be three bonds in pesos with adjustment by CER with maturities on March 31, 2024. 2025, March 31, 2026 and March 31, 2027. A Treasury bond will also be offered, linked to the dollar, maturing on June 30, 2025.
The Finance Secretary announced this Tuesday that it is starting a tenders for bills at a fixed rate on a fortnightly basis to ensure market liquidity. In this call for tenders it offers a combination of instruments of the National Treasure.
The reception of offers for all instruments will begin at 10 a.m. and end at 3 p.m. on Thursday, May 16, 2024.
The offers include four treasury bills capitalized in pesos with maturities on June 14, July 1, July 26 and August 30, 2024. In addition, there will be three bonds in pesos with adjustment by CER with maturities on March 31, 2024. 2025, March 31, 2026 and March 31, 2027. A Treasury bond will also be offered, linked to the dollar, maturing on June 30, 2025.
For the presentation of offers for these instruments, there will be two sections: one competitive and the other non-competitive.. The offers presented in the competitive section must follow the following criteria:
- In the case of LECAPs, they must indicate the amount of the VNO to be subscribed, which must be greater than VNO $50,000,000 and the effective monthly rate that this instrument will capitalize as a percentage number with two decimal places in increments of 0.01 decimal places. which cannot be less than the details in the table below;
- In the case of BONCER, they must indicate the amount of the VNO to be subscribed, which must be greater than VNO $50,000,000 and the price in pesos for each VNO $1,000 with two decimal places;
- In the case of the LINKED DOLLAR BONUS, they must indicate the amount of the VNO in US dollars to be subscribed, which must be greater than VNO USD 50,000 and the price in US dollars for each VNO USD 1,000 with two decimal places.
In non-competitive tranches, only one offer per investor will be accepted and it must be less than or equal to an amount of VNO $50,000,000, for instruments denominated in pesos, and less than or equal to an amount of VNO USD 50,000 for the instrument denominated in pesos. in dollars, and only the amount to be subscribed must be entered.
Interested human or legal persons may participate in the LECAP, BONCER and BONO DOLLAR LINKED subscriptions, and for these purposes they must direct their expressions of interest in a timely manner through the settlement and clearing agents (integral and own) and payment agents. trading registered with the CNV.
Source: Ambito
