The operation received a demand of more than double the amount bid on the Electronic Stock Exchange of Uruguay.
The bank HSBC placed Mortgage Credit Notes in Indexed Units (UI) for a total of $15.2 million through the Electronic Stock Exchange of Uruguay (Bevsa).
The series of notes received a total demand of 254.3 million UI for the 100 million UI offered, which were awarded at an average price of 99.98, with a maximum of 100.07 and a minimum of 99.67 .
The issuance was carried out in two tranches, a competitive wholesale one for some 86.86 million UI (13.2 million dollars) with a multiple price placement system, and a retail one with some 13.14 million UI (2 million dollars). dollars) at a single price of 100.01, determined from the offers of the competitive tranche.
The first tranche (competitive) received 14 purchase offers for a total of 254.3 million UI (38.7 million dollars), almost tripling the initial amount offered, with an average demanded price of 99.11, which oscillated between a maximum of 100.07, and a minimum of 95.8.
Non-competitive retail tranche closed without demand
On the other hand, the price of these offers determined a price of 100.01 for the placement in the non-competitive retail tranche, which did not receive demand, for which reason the issuer awarded all the BUs in the competitive tranche.
The placing of Mortgage Credit Notes It has a term of 25 years from the date of issuance, with an annual interest rate of 3.57%, calculated from the 10-year node of the UI (CUI) curve on the tenth business day prior to issuance. , plus 30 basis points. The capital will be amortized in 50 semi-annual, equal and consecutive payments.
The operation corresponding to the third series of its second broadcast program of Mortgage Credit Notes in UIwhose funds will be used for the acquisition or construction of homes, received a demand for more than double what was bid by the bank.
Source: Ambito
