Thus, the Treasury ended February with a refinancing rate of 143% and additional funding of nearly $146,000 million.
In what was the last tender for the month of February, Economy captured a total of $375,121 million, compared to maturities that reached $316,588 million.
“It was about the greater amount of maturities for a tender so far in the management and a refinancing rate of 118% was achieved,” they indicated from Economy.
In total, 1,319 bids were received, representing a total of VNO $454,936 million, awarding an effective value of $375,121 million
Of the financing obtained, 57% corresponded to instruments maturing in 2022, 42% in 2023 and the remaining 1% in 2024. Likewise, 57% of the awarded amount was in fixed-rate instruments, and the remaining 43% in CER-adjustable instruments.
At the beginning of the month, maturities totaled close to $560,000 million, including those of February 28 that were moved to March 2 for the Carnival holiday. On the 10th of the current month, the National Treasury carried out two asset conversion operations and said amount was reduced by $244,156 million.
The menu of instruments offered was made up of 9 titles maturing in 2022, 2023 and 2024. A new LELITE maturing on March 31 was issued, three discount bills (LEDE) maturing on April 29, June 30 and July 29 were reopened, a new LEDE maturing on August 31 and a new draft adjustable by CER (LECER) maturing on February 17, 2023. All these instruments are part of the Market Makers Program.
In addition, the fixed-rate bond (BONTE) with maturity on May 21, 2022 was reopened and two CER-adjustable bonds (BONCER) with maturity on August 13, 2023 and July 26, 2024 were reopened.
Thus, in the first two months of the year, the Treasury accumulated net financing of $285,405 million, which implies a refinancing rate of 145%.
Within the framework of the Market Makers Program, tomorrow the Second Round will be held where bids can be received and awarded for up to 20% of the total nominal value awarded in today’s tender
The next tender will take place on Wednesday, March 16, as reported in the preliminary tender schedule for the first half of 2022.
Source: Ambito
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