55% of the amount awarded corresponded to fixed-rate securities, while the remaining 45% was for CER securities. However, while the debt stock of the former fell, in the case of bills and bonds adjustable to price increases, an increase was perceived that explained the 6% rise in the total debt stock in local currency.
The Economy report reflected a reduction in average terms (weighted by amount issued), compared to the average for 2021. In the case of fixed rates, they were reduced from 4.8 months to 3.4 months, while for CERs the duration fell from 14.5 to 11.8 months.
Regarding rates, the weighted average annual effective IRR of nominal instruments stood at 47.8%, above the 2021 average (44.2%), while that of CER instruments stood at 0.1%, due to below the average of last year (2.1%).
In February, maturities totaled nearly $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 this amount was reduced by $244,156 million, while net financing of $146,000 million was obtained.
In March, $873,639 million mature, of which more than 70% corresponds to CER titles.
Source: Ambito
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