He Central Bank of Uruguay (BCU) published the tentative placement schedule for domestic public debt securities in nominal pesos for next week. Between Monday and Friday, there will be tenders 12,500 million pesos in three placements issued by the financial institution, which has placed 11,390 million pesos last week.
With the interest rate reduction by 25 basis points to 11.25% by the Monetary Policy Committee (Copom) of the BCU two weeks ago, the demand for the titles issued by the Central Bank did not suffer major changes and in some cases even more than doubled the amount bid. In those of last week, however, the proposed amounts were closer to those offered by the financial institution.
Bid dates for the second week of May
This monday may 8at 2:00 p.m., the first title in pesos for 4,200 million pesos –108.1 million dollars, at current values–, with integration that same day and with a term of 35 days. That is, with an expiration date of June 12 of this year. Of that total, 840 million pesos –21.6 million dollars– will be non-competitive placements.
The next day, Wednesday May 10there will be another adjudication, also at 2:00 p.m.: a title will be tendered for 3,300 million pesos, equivalent to about 85 million dollars, with integration that same day and with a term of 91 days -two months-; with an expiration date of August 9 of this year. Of this total, 660 million pesos – about 17 million dollars – are considered non-competitive.
Lastly, the friday may 12at the same time, a title will be tendered for 5,000 million pesos –128.7 million dollars– with integration that same day and with a maturity period of 175 days. In other words, it has a maturity date of November 3, 2023. Of this total, 1,000 million pesos –25.7 million dollars– will be considered non-competitive placements.
Last week $11,390 million were placed
Last week, three BCU bills were tendered for 11,390 million pesos, 5.5% more than originally offered. The first, on Tuesday, May 2, with a bid amount of 3,300 million pesos, received proposals for 3,451 million pesosa 4.6% more, of which were fully accepted.
The next day, Wednesday the 3rd, 2,500 million pesos were put out to tender, but given the demand for 3,250 million pesos (30% more), they ended up awarding a little more: 2,515 million pesos.
Finally, on Thursday the 4th, the amount to be tendered was 5,000 million pesos. The proposals were for 5,422 million pesosof which were accepted in their entirety, for which reason a 8.4% more than expected.