The monetary entity will award short-, medium- and long-term securities on Monday, Wednesday and Friday.
He Central Bank of Uruguay (BCU) This week, the bank will place three domestic public debt securities on the market with different maturities, for 20.8 million pesos between Monday and Friday.
The first tender of the week will begin this Monday 15th at 2:00 p.m., the first title in pesos will be auctioned for 8.2 billion pesos (almost 204.84 million dollars) with a 35 day termwith a maturity date of Monday, August 19 of the current year. Of this total, 1.64 billion pesos (almost 40.97 million dollars) will be non-competitive placements and will have their integration date on the same day.
On Wednesday 17th at 2:00 p.m., a bond in pesos for 6.8 billion pesos (a total of 169.86 million dollars) will be awarded with a term of 84 days, and a maturity date of October 9 of this year. It will have the following date: integration date the same day. This tender will have 1.36 billion pesos (33.97 million dollars) of non-competitive placements.
Finally, on Friday 19th at 2:00 p.m., the last title in pesos of the week will be auctioned, for others 5.8 billion pesos ($144.88 million) with a 189-day termand a maturity date of January 24 of next year. Of the total, 1.16 billion pesos (28.98 million dollars) will be non-competitive placements. Meanwhile, the integration date will also be the same day.
Gross external debt represents 72% of GDP
He Central Bank of Uruguay (BCU) presented the External Debt report for the first quarter of 2024, which recorded an increase in the net debt of the public sector by 6% compared to the last quarter of 2023, while the gross debt already represents 72% of GDP.
The net debt of the public sector, i.e. gross debt minus reserve assets, reached 33.573 billion dollars at the end of March, considering the first three months of the year. This represents an increase of 6% in the seasonally adjusted comparison, and 17% year-on-year with the same quarter of 2023.
Consequently, the net indebtedness of the public sector represents 43% of the Gross Domestic Product (GDP) from the country.
It is worth noting that the net debt was 27.634 billion dollars in 2019, according to data from the Debt Management Unit (UGD) of the MEF, which represented around 45% of GDP. Then, in 2020, the debt jumped to 30.12 billion dollars, while GDP shrank at the worst moment of the pandemic, jumping to 56.14%.
Then, in 2021, after slight improvements in revenues, public debt reached 32.726 billion dollars, rising to 37.979 billion in 2022.
Source: Ambito
