Santa Fe This week it placed bonds for $50 billion to finance public works, in a day that included offers for $128 billion. It was a joint effort between the local government and the ecosystem of the Rosario Stock Exchange.
From the administration that commands Maximiliano Pullaro They stressed that the main provincial objective is channel the savings generated in the province towards investment in public works, promoting regional productive and economic development.
Santa Fe placed bonds for $50 billion
With the issuance of this bond, a historic demand from the agroindustrial sector is met, linked to the strengthening of key logistics infrastructure for exports.
The Santa Fe Minister of Economy, Pablo Olivareshighlighted: “This bond issuance represents significant progress in our strategy of linking private savings with projects that have a direct impact on economic growth and the improvement of provincial infrastructure.”
“It is an example of the Government’s commitment to the productive development and competitiveness of Santa Fe,” he added.
Regarding placement, Santa Fe managed to obtain a total term of 36 months, longer than the last issues made in the local market, which reflects an additional sign of investor confidence in Santa Fe’s credit.
In this way, the provincial State collaborates with the National Government in extending the peso securities curve.
For his part, the Secretary of Finance, Adriano Mandolesihighlighted that “the support obtained in this placement demonstrates the confidence of investors in the credit, solvency and potential of our province.”
“These resources will be allocated to specific works that will not only boost export activity, but also improve the quality of life of Santa Fe residents by optimizing road infrastructure.”complete.
What works will the money be used for?
The works included in this first financing have already been tendered and awarded, and are the following:
- Third lane of the Highway to Santa Fe (Section: RN A008 – San Lorenzo Centro Access).
- Detour of heavy traffic in Timbúes (Variant of RP N°91, section: RP N°91 – Calle Cacique Mangoré).
- Camino del Mozo (access to the Arroyo Seco and General Lagos terminals).
- Reinforcement paving in RP No. 25 (Section: RN A-012 – Highway AP-01).
Source: Ambito
