The proceeds from this issue will be used to buy the dollars needed to pay the next foreign currency debt payments during the month of July, the Ministry of Economy indicated.
Interest: effective monthly rate capitalized monthly to be determined in the tender.
Through Three resolutions published in the Official Gazette of the Ministry of Economy, the Secretariat of Finance and Treasury, this Thursday was made official the issuance of new instruments debt of just over $8 trillion.
In this way, the Joint Resolution 26/2024 provides for the expansion of the issuance of the “National Treasury Bond in pesos zero coupon with adjustment by CER maturity December 15, 2025” (BONCER TZXD5) for an amount of up to $242,790,964,907. The increase will be used exclusively to carry out a conversion operation with the Central Bank of the Argentine Republic (BCRA) of the “Argentine Nation Bond in dual currency maturing June 30, 2024” (Eligible Title).
Conversion operation:
- Eligible Title: BONAR DUAL 2024.
- BONCER TZXD5:
- Settlement date: June 26, 2024.
- Technical value of the Eligible Title: $1,148,636.77 for each VNO USD 1,000.
- Subscription price: $1,389.1599 for each VNO $1,000.
The operation is within the limits established in law 27,701 of the General Budget of the National Administration for the year 2023. The operation is framed in article 11 of decree 331/2022, incorporated into Law No. 11,672, Permanent Complementary Budget (to 2014).
The procedural rules for the operation are found in joint resolution 9/2019 of the Ministry of Finance and the Ministry of the Treasury.
Luis Caputo Minister of Economy
Mariano Fuchila
Meanwhile, the Joint resolution 25/2024 authorizes the issuance of two new Treasury bills maturing on September 30 and December 13, 2024, respectively, for a total amount of up to $12 trillion.
The official text thus mentions the expansion of the issuance of two existing bills maturing on July 26 and August 30, 2024for a total amount of up to an additional $12 billion.
National Treasury Bills
Details on National Treasury Bills
- Release date: July 1, 2024.
- Expirations: September 30 and December 13, 2024.
- Total amount: up to $12 billion.
- Currency: Argentine pesos.
- Issue price: at par.
- Amortization: full at maturity.
- Interest: effective monthly rate capitalized monthly to be determined in the tender.
Source: Ambito
