He Ministry of Economy and Finance (MEF) placed 1.2 billion pesos (about 30 million dollars) in the launch of the Treasury Note Series 11 in pesos, in a tender with high demand that demonstrated the appetite of investors for the instrument.
The NT Series 11, With scheduled expiration on December 7, 2026, it had an offer of 600 million pesos (about 15 million dollars) and managed to bid twice what was offered, with a wide demand of 2,513 million pesos (about 64 million dollars). .
The instrument has this Wednesday the 7th as the integration date, with a cut price of 100.24 and one Internal Rate of Return (IRR) of 9.0380%. The tender was a boost for the notes in pesos, which had closed 2023 with low interest, with the Series 10 placing amounts well below what was offered and with low demand.
Placement success and first semester schedule
So far this year, the Treasury Notes They have been coveted in the market, after last month the great acceptance of the NT Series 31 in Indexed Units (UI) and the great demand for the NT Series 6 in Forecast Units (UP).
Precisely the Notes in U.P. are the ones that seem to be positioned as the favorites among investors for this first half, with a market that expects a drop in the inflation and of the interest rate, with rise of wages.
Precisely for this reason, in the January-July calendar it can be seen that 52% of the offer, equivalent to 465 million dollars, is a UP, compared to 39% which is in UI and the remaining 9% in pesos.
How is the week’s schedule going?
With respect to the upcoming tenders, this Wednesday at 2:00 p.m., the tender for a title in pesos for 5,000 million pesos (almost 127.95 million dollars) with a term of 98 days, and a maturity of May 15.
Within that total, some 1,000 million pesos (almost 25.59 million dollars) will be non-competitive placements and the integration date is the same day.
In addition, on Thursday the 8th, also at 2:00 p.m., the last title in pesos of the week will be auctioned, for another 4,200 million pesos (almost 107.48 million dollars) with a term of 364 days, and an expiration dated February 7 of next year. Of the total, 840 million pesos (almost 21.50 million dollars) will be non-competitive placements.
Source: Ambito
