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 13.1 billion pesos with terms of up to 182 days, along with a Treasury Note, Series 10 Pesos.
This Monday, at 2 p.m., the first title in pesos will be tendered for 5,000 million pesos – 128.27 million dollars, in today’s value –, with integration that same day and with a period of 35 days. Of that total, 1 billion pesos will be non-competitive placements.
He Tuesdayat 2:30 p.m., will be awarded the Treasury Note Series 10 for 600 million Uruguayan pesos – 15.39 million dollars, in today’s value – with a term of 5.3 yearsand a maturity date of February 1, 2029. This tender will not have non-competitive placements.
On Wednesday there will be another award, also at 2 p.m.: a title will be put out to tender for 4.2 billion pesos, equivalent to about 107.74 million dollars, with integration that same day and with a deadline of 98 days. Of this total, 840 million pesos are considered non-competitive.
On Friday, for its part, the third title will be put out to tender, with award that same day, and for a value of 3.3 billion pesos – about 84.66 million dollars – and with a term of 182 days. Of that total amount, 660 million pesos are considered non-competitive.
The behavior of bonds last week
The Uruguayan global bonds in dollars, indexed units (UI) and long-term pesos registered significant falls last week, as shown by the AFAP Republic monitor last Monday.
The biggest declines were in dollar-denominated sovereign bonds. The titles to 2045, 2050 and 2055 fell 2.55%, 2.99% and 3.62%, respectively. Bon 2036 fell 2%.
It was followed by the global bond in pesos for 2033, which registered a decrease of 1.12%. Regarding titles in indexed units, the most significant decrease corresponded to 2040 paper, with a decrease of 0.90%.
The sovereign spread that measures country risk with its Uruguay Bond Index (UBI) rose 4 basis points to stand at 77 bps.
Meanwhile, the country risk calculated by República AFAP for these securities (IBI), which measures the average spread between the yield of bonds issued in UI by the Uruguayan State and the yield of the TIPS (Treasury Inflation Protected Securities) of the government of USAfell 15 basis points and stood at 49 bps.
Source: Ambito
