He Ministry of Economy and Finance (MEF) placed more than 25 million dollars in the reopening of the Treasury Note Series 32 in Indexed Units (UI), within the framework of the government’s emissions strategy in the domestic market.
He MEF The company tendered NT bonds maturing in 2036 for 150 million UI (more than 22.6 million dollars), obtaining a demand of almost double that amount, for 298 million UI (more than 45 million dollars), in the framework of a successful tender.
The portfolio that leads Azucena Arbeleche finally accepted an amount of 170 million UI, equivalent to more than 25.7 million dollars, with a cut-off price of 98.19 and an IRR of 3.328%.
The integration date will be this Wednesday, August 21, and the expiration date is February 28, 2036.
Appetite for NT Series 32 grows after inflation rises
In this way, coinciding with the rise in the inflation As was evident in recent months, investors have strengthened their appetite for instruments in Indexed Units.
It is worth noting that for the NT Series 32, the MEF had accepted only 33,120 UI in June, out of a total of 200,000 offered, while for the same offer the amounts had been 125,980 UI in May and 194,810 in February.
The next reopening will take place on October 15, while the last of the year will come on December 10. We will have to follow the evolution of the CPI to evaluate how this instrument is doing, which is readjusted according to inflation.
The debt issuance calendar of the week
On the other hand, the Central Bank of Uruguay (BCU) announced its bond issuance schedule and this Wednesday at 2:00 p.m., the bidding will continue with a bond in pesos for 5,000 million pesos (a total of 123.95 million dollars) with a term of 98 days, and a maturity date of November 27 of this year. The integration date will be the same day. This bidding will have 1,000 million pesos (24.79 million dollars) of non-competitive placements.
Finally, on Thursday, also at 2:00 p.m., the last peso-denominated bond of the week will be awarded, for another 5 billion pesos (123.95 million dollars) with a term of 364 days, and a maturity date of August 22 of next year. Of the total, 1 billion pesos (24.79 million dollars) will be non-competitive placements. Meanwhile, the integration date will be the following day.
Source: Ambito
