The Ministry of Economy and Finance relaunched the instrument, placing a total of almost US$45 million.
He Ministry of Economy and Finance (MEF) relaunched the Treasury Note Series 31 in Indexed Units (UI), which had a demand of more than double what was offered, ratifying the interest of the investors by the instrument.
Within the framework of the titles calendar planned by the MEF and the Central Bank of Uruguay (BCU), the NT offered 200,000 UI (about 31 million dollars), with a demand of 493,550 UI (more than 76 million dollars), accepting a total of 288,290 UI (more than 44 million dollars).
The Treasury Notes had a cut-off price of 102.32 and were yielding 2.7310%, according to data from the Uruguayan Electronic Stock Exchange (Bevsa). The integration date will be this Wednesday the 20th and the expiration date is January 18, 2029.
Thus, despite the drop compared to the launch in January, which had a demand five times what was offered, the UI notes continue to capture the market’s appetite, something that had also happened with the NT Series 32 in February.
The calendar of titles of the week
Looking ahead, within the framework of the financing strategy, the BCU will carry out this Wednesday at 2 p.m. the tender for a title in pesos for 5,000 million pesos (almost 130 million dollars), with a 98 day period, and an expiration date of June 26 of the current year. Within the total, some 1,000 million pesos (almost 26 million dollars) will be non-competitive placements.
Finally, on Thursday, also at 2:00 p.m., the last peso title of the week will be auctioned, for 5.8 billion pesos (more than 150 million dollars) with a term of 350 days, and an expiration date of March 7 of next year. Of the total, 1,160 million pesos (about 30 million dollars) will be non-competitive placements. The integration date of the title will be the following day.
Source: Ambito
