The instrument in Pension Units aroused strong interest from local investors.
He Ministry of Economy and Finance (MEF) re-tendered Treasury Notes (NT) in Previsional Units (UP) and received a demand twice as large as what was initially offered, accepting the entire proposed amount.
The government portfolio tendered Treasury Notes (Series 6) maturing in 2036 for 850,000 million UP (more than 35 million dollars), receiving more than double the demand, for more than 1,640 million UP (more than 68 million dollars), finally accepting the amount of 1,640 million UP .
The Treasury Notes had a cut-off price of 101.28 and were yielding 2.1190%, as reported by the Uruguayan Electronic Stock Exchange (Bevsa). The integration date will be this Wednesday, May 22, and the expiration date is July 20, 2036.
Tentative debt placement schedule
On Wednesday the 22nd at 2:00 p.m., the bidding for a title in pesos will be held nominal (UYU) for 5,800 million pesos (more than 151 million dollars) with a term of 91 days, and a maturity date of August 21 of the current year. Within the total, some 1,160 million pesos (more than 30 million dollars) will be non-competitive placements, the integration date will be that same day.
Finally, on Friday the 24th, also at 2:00 p.m., the last title of the week will be auctioned, for another 5.8 billion UYU (more than 151 million dollars) with a term of 196 days, and a dated expiration for December 6 of the current year. Of the total, 1,160 million pesos (more than 30 million dollars) will be non-competitive placements. The integration date of the title will be the same day, like the previous one.
Source: Ambito
