The MEF tendered Treasury Notes in UI and received three times greater demand

The MEF tendered Treasury Notes in UI and received three times greater demand
November 21, 2023 – 18:56

The Ministry of Economy and Finance accepted an amount double that offered through the instrument in local currency.

He Ministry of Economy and Finance (MEF) lawful Treasury Notes in Indexed Units (UI) and received a demand three times greater than what was offered.

The MEF tendered Treasury Notes (Series 30) maturing in 2027 for 200 million UI (almost 29.9 million dollars), receiving more than triple the demand for more than 601 million UI (almost 89.9 million dollars), accepting an amount of 400 million UI, that is, almost 59.9 million of dollars.

The Treasury Notes They had a cut-off price of 94.12 and ended up yielding 3.0880%, as reported by the Uruguayan Electronic Stock Exchange (Bevsa). The integration date will be this Wednesday, November 22 and the expiration date is January 19, 2027.

Yesterday, the issuance of Treasury Bills for 6,000 million pesos with a term of 28 days received a demand of 4,340 million pesos, 5,384 million pesos were accepted, and they remained yielding 9.64%, according to information of Gastón Bengochea CB.

In the breakdown, the competitive amount that was tendered was 5,000 million pesos, while the non-competitive tender was 1,000 million pesos.

Tentative debt placement schedule

Tomorrow Wednesday at 2:00 p.m. Central Bank of Uruguay (BCU) will tender a title in pesos for 3,300 million pesos and 600 million non-competitive with a term of 91 days, integration on the same day and expiration dated February 21, 2024.

Likewise, on Friday, November 24, also at 2:00 p.m., another title in nominal pesos will be tendered for an amount of 4,200 million pesos (and 840 million pesos of non-competitive bidding) with a period of 168 days and integration on same day, and an expiration date of May 10, 2024.

Source: Ambito

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