He Ministry of Economy and Finance (MEF) placed some 363 million dollars in the launch of the Treasury Note Series 7 in Pension Units (UP), which demonstrated the great appetite of investors in the instrument.
He MEF offered 1,200 million UP (about 181 million dollars), placing a total of 2,400 million, exactly double, in the face of a demand for 3,819 million (about 578 million dollars), a sign of the success of the bidding and the UP, who appear this 2024 like the starlets of the market.
The title had a court of 99.63 and one Internal rate of return (IRR) of 1.2940%. The integration date will be this Wednesday the 21st, while the expiration is 5 years, February 21, 2029.
Investors confirm the trend of the domestic market
With this placement, the NTs in U.P. They confirm the interest they arouse in investors, since last year they were the most requested, with the success of NT 6 and the good acceptance of 5 and 3.
Added to this is the offer of MEF, which in the first semester calendar included 52% of the offer in UP (about 465 million dollars), compared to 39% in UI and 9% in pesos.
In this way, it seems that the market is betting on a 2024 in which the government manages to maintain a level of inflation within the target range and a interest rate low, panorama combined with an increase in real wages.
The calendar of the week
Regarding the tenders of the Central Bank of Uruguay (BCU), this Wednesday at 2 p.m. the tender for a title in pesos will be held for 4.2 billion pesos (almost 107.14 million dollars) with a term of 105 days, and an expiration date of June 5 of the current year. Of the total, some 840 million pesos (almost 21.43 million dollars) will be non-competitive placements.
In turn, on Thursday, Also at 2 p.m., the last title in pesos of the week will be subscribed, for another 4,200 million pesos (almost 107.14 million dollars) with a term of 350 days, and an expiration date of February 7, 2024. Of the total, 840 million pesos (almost 21.43 million dollars) will be non-competitive placements.
Source: Ambito
