The MEF closed the tender for securities maturing in August 2034. There are two more scheduled for this week.
He Ministry of Economy and Finance (MEF) closed a new bidding for the Treasury Note in Indexed Units (Series 29) maturing in August 2034 and awarded 1,450 million pesos, looking for funding from instruments in pesos.
The amount to bid stipulated by the Public Debt Management Unit (UGD) It was 275 million UI, that is, more than 1,601 million pesos or more than 41.6 million dollars, at today’s value. The State placed 249 million UI, equivalent to 1,450 million pesos or 37.7 million dollars.
In this way, as explained by the stock brokerage company Gastón Bengochea, the bonds in Indexed Units were yielding 3.4%, as a result of the offer of 275 million UI, the demand of 349 million UI and the acceptance of 249 million of IU.
The conditions established by the UGD included a coupon from the 2.50% per year, as well as a semi-annual interest payment, every August 24 and February 24, until August 24, 2034, while the amortization will be made in three annual payments in 2032, 2033 and 2034.
Local investors authorized by the Central Bank of Uruguay (BCU) were able to submit their offers, while non-resident investors were able to do so through a local bank or broker, or through Global Depositary Notes (tradeable on Euroclear, Clearstream and DTC).
How is the bidding schedule this week?
Regarding the schedule of titles, from the Central Bank of Uruguay (BCU) reported that This Wednesday the 14th At 2:00 p.m., a tender will be held for a title in pesos for 4,000 million pesos (almost 155 million dollars) with a term of 84 days and a maturity date of September 6 of this year. Within the total, some 800 million pesos (almost 21 million dollars) will be non-competitive placements.
Besides, This Thursday the 15th Also at 2:00 p.m., the last title in pesos of the week will be auctioned, for another 5,800 million pesos (almost 150 million dollars) with a term of 350 days, and an expiration date of May 31, 2024. Of the total, 1,160 million pesos (almost 30 million dollars) will be non-competitive placements.
Source: Ambito
