He Central Bank of Uruguay (BCU) published the tentative schedule for placement of domestic public debt titles in nominal pesos for the next two weeks. This week, between Monday 20 and Thursday 23 March, there will be tenders 8,300 million pesos in three placements issued by the financial institution.
Dates for the fourth week of March
This monday march 20 2:00 p.m. the first title in pesos will be tendered for 3,300 million pesos –83.5 million dollars, at today’s values–, with integration that same day and with a term of 35 days. That is, with an expiration date of April 24 of this year. Of that total, 660 million pesos –16.7 million dollars– will be non-competitive placements.
He Wednesday March 22also at 2:00 p.m., a title will be tendered for 2,500 million pesos, equivalent to about 63.3 million dollars, with integration that same day and with a term of 105 days; that is, it has an expiration date of May 13 of this year. Of this total, 500 million pesos – about 12.6 million dollars – are considered non-competitive.
Lastly, the Thursday March 23 at 2:00 p.m. the auction will open for the last placement in pesos of this week, with a term of 343 days and for 2,500 million pesos –63.3 million dollars–, of which 500 million pesos –12.6 million dollars– will be in non-competitive placements. The integration will be the next day and the expiration will be on March 1, 2024.
The conditions of the Treasury Note in UP that will be tendered on Tuesday
On Tuesday, in turn, will be tendered 1.1 billion PU for the Treasury Note series 3. That is, some 1,596 million pesos, with a term of just over 17 years. However, considering the high demand in previous public placements, and the flexibility with which the State can extend the award, an even higher figure could be expected after the process.
Among the conditions, the UGD established a 2.2% pa coupon. In turn, the interest payment be biannualevery May 13 and November 13, until November 13, 2040, expiration date. The amortizationFor its part, it will be in three consecutive annual payments in the last three years of the term, on May 13, 2038, 2039 and 2040.
Bidding will close at 2:30 p.m. of this Tuesday –Montevideo time– and the settlement will be the following business day, that is, Wednesday.
Source: Ambito
