The government portfolio carried out the tender for NT in Pension Units with maturity in 2040.
He Ministry of Economy and Finance (MEF) re-tendered Treasury Notes (TN) in Pension Units (UP) and received a demand almost three times greater than the initial offer, accepting the entire amount proposed.
The government portfolio tendered Treasury Notes (Series 3) maturing in 2040 for 850 million UP (about 34 million dollars), receiving almost triple the demand, for more than 2,270 million UP (about 90.9 million dollars), finally accepting the amount offered for 850,000 million UP.
The Treasury Notes had a cut-off price of 100.75 and were yielding 2.1390%, according to the report Electronic Stock Exchange of Uruguay (Bevsa)The integration date will be this Wednesday, July 17, and the expiration date is May 13, 2040.
Tentative debt placement schedule
On Wednesday 17th at 2:00 pm, a title will be awarded in nominal weights for 6.8 billion pesos (about 170 million dollars) with a term of 84 days and a maturity date of October 9 of this year. The integration date will be the same day and the tender will present about 1.36 billion pesos (almost 34 million dollars) of non-competitive placements.
In turn, on Friday 19th at 2:00 p.m., the last title will be auctioned in nominal weights of the week, for another 5.8 billion pesos (almost 145 million dollars) with a term of 189 days and a maturity date of January 24 of next year. Of the total, some 1.16 billion pesos (almost 30 million dollars) will be non-competitive placements. Meanwhile, the integration date will also be the same day.
There will be four more tenders next week, three of which will be in nominal pesos, while the other will be in Indexed Units (UI), Series 31.
Source: Ambito
