The instrument in Pension Units had a demand that more than doubled and ended up yielding 1.81%.
He Ministry of Economy and Finance (MEF) launched the reopening of the Treasury Note Series 7 in Pension Units (UP) and managed to capture the interest of investors again, with a demand that more than doubled the supply, according to data from the Debt Management Unit (UGD).
He MEF tendered a total of 1,200 million UP (about 49 million dollars), with a demand for 3,025 million UP (about 123 million dollars) and awarded 1,125 million UP (about 46 million dollars), confirming that it is an instrument coveted by the market.
In this way, the titles returned 1.81%, with a cut price of 97.84. The integration date will be this Wednesday the 19th, while the maturity is 4.8 years, on February 21, 2029.
Within the framework of the calendar reported by the Central Bank of Uruguay (BCU), this week there is a placement of titles in pesos that will be on Friday at 2 p.m., in pesos of the week, for 6,700 million pesos (almost 170.55 million dollars) with a term of 182 days, and a expiration dated December 20 of the current year. Of the total, 1,340 million pesos (almost 34.11 million dollars) will be non-competitive placements. The integration date of the title will be that same day.
The increase in public debt
On the other hand, in what has to do with the public debt, The increase at the end of 2023 reached 63.5% from 59.1% in 2022, remaining above the BBB median of 55%, according to the rating agency’s latest report. Fitch Ratings.
The international agency stated that a “moderate” increase in the debt ratio during the last years of the forecast horizon, something that reflects that there will be a economic growth also moderate in the medium term.
Source: Ambito
