The government portfolio ended up accepting an amount almost double what was tendered in the first instance.
He Ministry of Economy and Finance (MEF) lawful Treasury Notes in Pension Units (UP) and received great demand.
The government portfolio ended up accepting this Tuesday an amount almost double what was tendered in the first instance by this Series 6 of the Notes in UP. This November 14, the UP was quoted at 1.5221 pesos, according to the Central Bank of Uruguay (BCU).
The Uruguayan Electronic Stock Exchange (Bevsa) reported today that the MEF offered 1.2 million UP (more than 45.78 million dollars), and received a demand for 2,125 million UP, that is, more than 83.16 million dollars.
Finally, the MEF accepted the amount for 2,125 million UP (83.16 million dollars), with a cut-off price of 100.23 and an Internal Rate of Return (IRR) of 2.2260%.
The Notes in UP They will be integrated tomorrow, Wednesday, November 15, and have a term of 13 years, expiring on July 20, 2036.
Tentative calendar for placement of BCU titles
Tomorrow, Wednesday at 2:00 p.m., the bidding for a title will be held in National currency for 4,200 million pesos (more than 105.28 million dollars) with a term of 84 days, and an expiration date of February 7 of next year. Within the total, some 840 million pesos (more than 21.05 million dollars) will be offered in non-competitive placements.
Finally, on Friday, November 17, also around 2:00 p.m., the last title in National currency of the week, for another 4,200 million pesos (more than 105.28 million dollars) with a term of 364 days, and an expiration date of November 15 of next year. Of the total, 840 million pesos (more than 21.05 million dollars) will be non-competitive placements.
Source: Ambito
