Specifically, the two instruments that accounted for most of what was awarded were two CER bills (Lecer), maturing in December 2022 and February 2023, respectively.
In addition, another three price-linked bonds (Boncer) were placed, with maturities in August 2023, July 2024 and November 2026, respectively.
The remaining 16% of the debt corresponded to fixed-rate bills (Ledes and Lelites). Within this segment, the Lede with maturity in June of this year stood out, at a annual nominal rate of 46.05%.
A very short-term Lelite was also placed, only available for Common Investment Funds, and another two Ledes with maturities in July and August, and rates around 47%/48%.
With these numbers, The Treasury will have no problem paying this Friday the $257,358 million due for the Boncer TX22. It is worth remembering that previously the Ministry of Finance had managed to redeem 55% of said bond, stretching maturities (most of it to 2026).
Despite the exchange and the net financing obtained in this round, in the remainder of the month there are maturities for almost $370,000 million.
Within the framework of the Market Makers Program, this Friday the Second Round will be held where a select group of financial entities will be able to bid for up to 20% of the total nominal value awarded in the tender of the date for the Ledes.
On the other hand, in the next two weeks two other tenders will be held to continue enriching financing in pesos via the market, one of the main objectives of Economy to reduce dependence on monetary issuance, and thus improve the financing profile of the fiscal deficit. and contribute to lowering inflation.
Source: Ambito
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