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The MEF launched the NT Series 32 in UI and demand tripled supply

The MEF launched the NT Series 32 in UI and demand tripled supply
February 27, 2024 – 20:10

In the first tender for the 12-year instrument, the portfolio led by Azucena Arbeleche accepted an amount below that tendered.

He Ministry of Economy and Finance (MEF) launched the Series 32 Treasury Note in Indexed Units (UI), in a tender that once again had the interest of investors, with a demand that tripled the amount offered.

The NT Series 32 offered 200 million IU (about 30 million dollars), while the demand was 615 million IU (about 93 million dollars) and the acceptance was 195 IU (about 29 million dollars), ratifying market acceptance .

The Treasury Notes had a cut-off price of 100 and ended up yielding 3.1230%, as indicated by the Uruguayan Electronic Stock Exchange (Bevsa). Meanwhile, the integration date will be this Wednesday the 28th and the expiration date is February 28, 2036.

In this way, UI notes continue to capture the interest of investors, with demand vastly greater than supply, as happened in January with the NT Series 31 and, to a lesser extent, in December with the NT Series 29.

How is the week’s title schedule going?

Regarding the calendar published by the Central Bank of Uruguay (BCU), there will be a new tender this Wednesday at 2:00 p.m., when a title in pesos will be placed for 4.2 billion pesos (almost 109.12 million dollars) with a 98 day period, and an expiration date of June 5 of the current year. Within the total, some 840 million pesos (almost 21.82 million dollars) will be non-competitive placements and the integration date is the same day.

In turn, on Friday, March 1, also at 2:00 p.m., the last title in pesos of the week will be auctioned, for others 4.2 billion pesos (almost 109.12 million dollars) with a term of 182 days, and an expiration date of August 30 of the current year. Of the total, 840 million pesos (almost 21.82 million dollars) will be non-competitive placements.

Source: Ambito

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