Debt: With strong demand for dollar bonds, the treasure caught $ 7.3 billion and achieved a “rollover” of 130%

With strong appetite by instruments that adjust for the official dollar, the Secretary of Finance achievement Award this Friday debt bonds for a total of $ 7,339 billion In the last September tender, which implies a “Rollover” of 130.20%.

The market expected an increase DE the coverage demand with dala bondsR Linked, after cereal companies were allowed to liquidate up to US $ 7,000 million exports free of retentions.

This from the fact that the cereals were going to stay with pesos after selling their dollars in the single and free market. The Government offered them an alternative in pesos to continue dollarized.

The result was as follows:

• As of November 28 (S28N5) $ 1,491 billion at 3.63% monthly effective rate 53.40% per year
• As of January 30, 2026 (T30E6) $ 1,489 billion at 4.16% TEM, 63.11%
• As of April 30 (S30a6) $ 0.418 billion at 3.53% Tem, 51.63%
• As of January 15, 2027 (T15e7) desert

Dollar Linked

• As of October 31 (D31o5) $ 1,327 billion at 0.00%
• As of November 28 (D28n5) $ 1,719 billion at +1.01%
• As of December 15 (TZVD5) $ 0.641 billion at +1.25%
• As of April 30, 2026 (D30a6) $ 0.254 billion to +1.99%

The analyst and Economist Federico García Martínez CHe oment that the treasure “placed $ 7.74 billion and reports roll-over of 130.2% (it would imply net financing of $ 1.69 billion).” “It is the largest since the bid of June 13, excluding Lefi’s migration and special banks”

This time he pointed out that the Treasury “cut in tea slightly lower than those of the last tender in fixed rate (51.6%-63.1%)although this time he supported the roll-over in the Dollar Liked demand. “

The amount of Dollar Linked bonds represented 54% of the placed while 46% was with letters and bonds capitalizable at a fixed rate. Another element to consider: There was no demand for fixed rate bonds for more than a year.

Depending on the results obtained, for October there are now in total maturities for $ 25 billion while for November there are another $ 20 billion. In December they jump to about $ 36 billion.