The MEF awarded 3,230 million Pension Units, for $4,809,793. There will be two other auctions this week.
He Ministry of Economy and Finance (MEF) awarded more than 4,809 million pesos, that is to say some $126,803, at the closing of the tender for a Treasury Note in Pension Units (UP) -Series 5-, in order to continue funding with debt instruments in pesos.
The MEF offered 1.9 billion PU, valued at just over 2,829,290 pesos (74 million dollars), while accepting the total claim, which was 3.230 million PU, for the aforementioned value of more than 4,809 million pesos (126,803 dollars), placing much more than what was offered.
The offer closed with a cut price of 95.15 and one Internal Rate of Return (IRR) of more than 2.26%, according to data from the Electronic Stock Exchange of Uruguay (BEVSA). Regarding the conditions, they included a term of 26 years, that is, they expire on September 1, 2047.
As happened on previous occasions of the last broadcasts of the Public Debt Management Unit (UGD), Demand for the instruments linked to the UPs far exceeded the government’s offer, in a context of strong appreciation of the Uruguayan peso, to the detriment of the dollar.
How is the bidding schedule going?
Regarding the schedule of the Central Bank of Uruguay (BCU), this Wednesday June 21at 2:00 p.m., the bidding for a title in pesos will be carried out for a total of 4,200 million pesos (almost 110 million dollars) with a term of 86 days and a maturity date of September 15 of the current year. Within the total, some 840 million pesos (almost 22 million dollars) will be non-competitive placements.
Also, the friday june 23also at 2:00 p.m., the last title in pesos of the week will be tendered, for other 4,200 million pesos (almost 110 million dollars) with a term of 182 days and a maturity date of December 21 of the current year. Of the total, 840 million pesos (almost 22 million dollars) will be non-competitive placements.
Source: Ambito
