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The MEF tendered Treasury Notes in Indexed Units to 2036

The MEF tendered Treasury Notes in Indexed Units to 2036
The MEF tendered Treasury Notes in Indexed Units to 2036

The demand exceeded the offer of 200M UI, but an amount of 33M UI was finally accepted.

Photo: Pixabay

He Ministry of Economy and Finance (MEF) re-tendered Treasury Notes (NT) in Indexed Units (UI) and received a higher demand than initially offered, finally accepting a lower amount.

The government portfolio tendered Treasury Notes (Series 32) with maturity in 2036 for 200 million UI (more than 30 million dollars), receiving a demand higher than that offered, for more than 234 million UI (more than 36 million dollars), accepting an amount of 33.12 million UI, that is, more than 5 million dollars.

The Treasury Notes had a cut-off price of 98.80 and were yielding 3.2560%, as reported by the Uruguayan Electronic Stock Exchange (Bevsa). The integration date will be this Wednesday, June 26 and the expiration date is February 28, 2036.

Tentative schedule for the placement of debt by the BCU and the MEF

On Wednesday at 2:00 p.m., the tender will be held for a title in pesos for 6.7 billion pesos (more than 170 million dollars) with a term of 98 days, and an expiration date of October 2, current year. Within the total, some 1,340 million pesos (more than 34 million dollars) will correspond to non-competitive placements, the integration date will be that same day.

Finally, on Thursday, also at 2:00 p.m., the last title in pesos of the week will be auctioned, for another 5,000 million pesos (more than 127 million dollars) with a term of 371 days, and an expiration date for the 4th of July next year. Of the total, 1,000 million pesos (more than 25 million dollars) will be non-competitive placements. The integration date of the title will take place the following day.

Source: Ambito

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