This Friday the Government will go for $ 5.6 billion with four capitalizable titles and one dollar Linked. Only one of them expires in November. The market awaits an award in performance against the best financial climate after the US Treasury announcement.
The formidable announcement of the United States Treasury Secretary, Scott Besent, that Donald Trump’s government is willing to decisively support Argentina generated a strong distension in financial markets, just in time for the end of September in terms of Debt maturity in pesos.
The secretary of Finance, Pablo Quirno, announced the bond menu that you will make available to investors to try to renew $ 5.6 billion that beat until the end of the month.
This time it is a limited offer. There are four options in capitalizable letters and a Linked dollar, To attend a market that shows strong signs of tending to standardization with rates.
On the other hand, Quirno introduces a bonus to a period of more than a year and leaves a single option in Lecap that expires within 2025. The rest tries to run by 2026. There is some prize rate points above the secondary market.
According to Quirno, the bonds will be:
- LECAP/BANCAP:As of November 28 (S28N5)
To January 30 (T30E6)
To April 30 (S30A6)
As of January 15, 2027 (T15E7)
To April 30 (D30A6)
Market sources commented to the field that During the day there were movements of the Central Bank to operate in different markets in order to lower the interest ratetaking advantage of the euphoria climate for the rescue of the US Treasury.
Considered as successful to take advantage of the Appreciation of the exchange rate after the trusted shock and the sales of the agriculture to lower the interest rate And maybe buy some dollars.
An operator indicated that “Avoiding an over appreciation of the exchange rate is wise, and the loss of rates per se, helps to give some air to the activity Start, it improves the perspective of the next tender of the treasure. ”
Remember that in the First tender for the month The BCRA sought to reduce the rate to one day ensuring that the market will look for more return by increasing “duration” in the tender of the treasure.
Source: Ambito
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