The government portfolio continues to successfully move forward with its tentative debt placement schedule.
He Ministry of Economy and Finance (MEF) re-tendered Treasury Notes (NT) in Pension Units (UP) and received a demand more than three times greater than the initial offer, accepting double the proposed amount.
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The government portfolio tendered Treasury Notes (Series 7) maturing in 2029 for 1.2 billion UP (around 48 million dollars), receiving more than three times the demand, for 3.706 billion UP (more than 147 million dollars), finally accepting the amount offered for 2.4 billion UP (more than 95 million dollars).
The Treasury Notes had a cut-off price of 97.86 and were yielding 1.8280%, according to the screens of the Electronic Stock Exchange of Uruguay (Bevsa)The integration date will be this Wednesday, August 14, and the expiration date is February 21, 2029.
Tentative debt placement schedule
This week, the MEF and the Central Bank of Uruguay (BCU) will try to place two more titles in nominal weights (UYU) short-term, one maturing in 2024 and the other in early 2025.
He Wednesday 14th At 2:00 p.m., a bond in nominal pesos worth 6.7 billion pesos (almost 166 million dollars) will be auctioned for a term of 98 days, with a maturity date of November 20 of this year. The bond will be integrated on the same day and approximately 1.34 billion pesos (more than 33 million dollars) will be non-competitive placements.
In turn, the Friday 16th At 2:00 p.m., the last title (in UYU) of the week will be auctioned, for another 4.2 billion pesos (almost 104 million dollars) with a term of 189 days and a maturity date of February 21 of next year. Of the total, 840 million pesos (almost 21 million dollars) will be non-competitive placements. Meanwhile, the integration date will also be that same day.
Source: Ambito