The Ministry of Economy placed $1.59 billion in the first tender in August and quickly made the new bills official through the Official Gazette. It also issued a new bill in dollars.
Following the tender in which the Government managed to award $1.59 billion in the market, the Ministry of Economy together with the Secretariat of Finance and Treasury issued a new letter and formalized the issuance of another for the payment of capital and interest amortizations. It did so through two resolutions: 55/2024 and 46/2024 published this Thursday in the Official Gazette.
Debt: a bill is extended for payment of maturities
In the case of the extension, the document mentions that on August 26 of this year, there is a maturity of capital amortization and the twentieth interest coupon of a national treasury bill in dollars maturing on August 25, 2024, in the BCRA portfolio.
In order to cancel 60% of the coupon, we proceed to the Issuance of the Treasury Bill in dollars with maturity on April 3, 2029 for an amount of up to US$3,052,385,586 to be delivered to the BCRA.
Debt tender: three new bills added
Furthermore, in Joint Resolution 46/2024, three new bills were added for a nominal amount of 5 trillion each after the tender:
– NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS MATURING ON NOVEMBER 11, 2024 (S11N4 – new) which has the following characteristics:
- Release date: August 16, 2024.
- Expiration date: November 11, 2024.
- Currency of denomination, subscription and payment: pesos.
- Original issue price: par.
- Amortization: full at maturity.
- Interest: will pay interest at an effective monthly rate capitalized monthly until the maturity of the instrument, which will be determined in the tender.
- Tm: effective monthly rate determined in the tender.
- Minimum denomination: will have an original nominal value of one peso (VNO $1).
- Tax exemptions: You will enjoy all tax exemptions provided for in the laws and regulations in force on the matter.
- Financial services: payments will be made through the BCRA by means of fund transfers to the respective cash accounts held by the account holders registered with said institution.
- Applicable law: law of the Argentine Republic.
– NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS MATURING ON FEBRUARY 14, 2025 (S14F5 – new);
- Release date: August 16, 2024.
- Expiration date: February 14, 2025.
- Currency of denomination, subscription and payment: pesos.
- Original issue price: par.
- Amortization: full at maturity.
- Interest: will pay interest at an effective monthly rate capitalized monthly until the maturity of the instrument, which will be determined in the tender.
- Tm: effective monthly rate determined in the tender.
- Minimum denomination: will have an original nominal value of one peso (VNO $1).
- Tax exemptions: You will enjoy all tax exemptions provided for in the laws and regulations in force on the matter.
- Financial services: payments will be made through the BCRA by means of fund transfers to the respective cash accounts held by the account holders registered with said institution.
- Applicable law: law of the Argentine Republic.
– NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS MATURING ON JUNE 18, 2025 (S18J5 – new);
- Release date: August 16, 2024.
- Expiration date: June 18, 2025.
- Currency of denomination, subscription and payment: pesos.
- Original issue price: par.
- Amortization: full at maturity.
- Interest: will pay interest at an effective monthly rate capitalized monthly until the maturity of the instrument, which will be determined in the tender.
- Tm: effective monthly rate determined in the tender.
- Minimum denomination: will have an original nominal value of one peso (VNO $1).
- Tax exemptions: You will enjoy all tax exemptions provided for in the laws and regulations in force on the matter.
- Financial services: payments will be made through the BCRA by means of fund transfers to the respective cash accounts held by the account holders registered with said institution.
- Applicable law: law of the Argentine Republic.
Source: Ambito
