The placement of titles for 800 million pesos did not achieve the expected demand, unlike previous times where the amount was doubled.
The government decided to declare void the tender for Treasury Note (NT), yesterday, for 800 million pesos (20.7 million dollars) because the demand did not cover the amount offered.
Unlike what has happened in the last NT tenders, where the base amount of the tender was even doubled due to investor interest, on Tuesday the instrument in pesos maturing in February 2029 captured just 611, 79 million pesos offer (USD 15.8 million).
The title placement schedule continues this week with two tenders. Today and on Friday, the monetary entity will tender two instruments for 2,500 million pesos each. The first with a maturity of 98 days and the second with 198 days and both with a non-competitive placement of 500 million pesos.
The government proposed itself as a pillar in debt management increase funding in pesos through the placement of bonds in the local and international markets for a total of 3,785 million dollars for all of 2023.
Added to this is an increase in secondary markets (notes mainly linked to the Indexed Units) for a total of 500 million dollars for the first semester.
Source: Ambito
