The Central Bank of Uruguay published the tentative calendar where 4 titles will be placed between September 11 and 15.
He Central Bank of Uruguay (BCU) and the Ministry of Economy and Finance (MEF) will place titles of domestic public debt this week for a total of 13,700 pesos with terms of up to 189 days, along with a Treasury Note, Series 6.
This Monday, at 2 p.m., the first title in pesos will be tendered for 5,000 million pesos – 131.47 million dollars, in today’s value –, with integration that same day and with a deadline of 28 days. Of that total, 1,000 million pesos They will be non-competitive placements.
This Tuesdayat 2:30 p.m., will be awarded the Treasury Note Series 6 for 1.2 billion Previsional Units (UP) with a 13 year termand a maturity date of July 20, 2036. This tender will not have non-competitive placements.
For its part, on Wednesday there will be another award at 2 p.m.: a title will be put out to tender for 3.3 billion pesos, equivalent to about 86.77 million dollars, with integration for the same day and with a period of 98 days. Of this total, 660 million pesos are considered non-competitive.
Meanwhile, on Friday, the third title will be put out to tender, with award for the same day, and for a value of 4.2 billion pesos – about 110.44 million dollars – and with a deadline of 189 days. Of that total amount, 840 million pesos are considered non-competitive.
The keys to the Treasury Note
This week the Ministry of Economy and Finance (MEF) will reopen the Treasury Note in Pension Units (UP) Series 6 After the success of what was the reopening of the NT Series 3 in UP more than 20 days ago, which had a demand of almost double what was offered and awarded more than 3,101 million pesos (about 82 million dollars).
The tender for Series 6 will be held this Tuesday the 12th for an amount of 1,200 UP for 13 years. The tender will be structured as a single-price auction, meaning that all accepted bids will be awarded at the same price, the company said. Debt Management Unit of the MEF.
The minimum amount of each offer will be UP 100,000, in multiples of UP 10,000. Total offers per institution cannot exceed the amount authorized to be awarded by the issuer (200% of the tendered amount). He Ministry of Economy and Finance reserves the right to accept all or part of the offers presented, or not to award any of them.
Source: Ambito
