The Ministry of Economy and Finance reopened the title, which failed to attract the interest of investors.
He Ministry of Economy and Finance (MEF) closed the reopening of the Treasury Note (NT) Series 10, in pesos and maturing in February 2029, which reflected the low appetite of investors for this type of instruments.
In the midst of his plan to fund himself with debt in pesos, the MEF sought to tender 600 million pesos (about 15,317,845 million dollars), but the NT Series 10 It had a demand of 131,100 million pesos (about 3,346 million dollars) and awarded only 41,100 million pesos (about 1,049 million dollars).
The title, which has a term of 5 years and 2 months and has an expiration date of February 1, 2029, ended with a cut price of 102.39 and one IRR of 9.9260%.
Already in its last opening, the NT Series 10 had already had similar levels of acceptance, with the same amount to be bid, a demand of more than 393 million pesos and an accepted amount of only 93,340 pesos, which confirms the low interest of investors in this instrument, which in August had reached a demand of 2,556,770 million pesos and an award of 657,770 million pesos.
How is the placement schedule going?
On the other hand, the Central Bank of Uruguay (BCU) reported that this Wednesday the 6th at 2 p.m., the bidding of a title in pesos for 3,300 million pesos (almost 84.37 million dollars) will be carried out with a term of 77 days, and an expiration for February 21 of next year. Of the total, some 660 million pesos (almost 16.87 million dollars) will be non-competitive placements and the integration date will be the same day of the bidding.
Meanwhile, on Friday, also at 2:00 p.m., the last peso title of the week will be auctioned, for 5,000 million pesos (almost 127.84 million dollars) with a planned term of 196 days and an expiration date of June 21 of next year. Of the total, 840 million pesos (almost 25.57 million dollars) will be non-competitive placements. Meanwhile, the integration date will be the same day of the tender.
Source: Ambito
