Indeed, 63% of the awarded debt corresponded to instruments tied to the Reference Stabilization Coefficient (Boncer). Within this group, the amount placed as a basket made up of a Boncer with maturity in August 2023 and another Boncer with a deadline in July 2024 stood out.
Parallel, 33% of the total corresponded to fixed-rate bills (Ledes and Lelites). In this segment, the most requested title was the Ledes due in September of this year, for which a annual nominal rate of 51.05%, equivalent to almost 64.9% in effective terms.
Thus, the portfolio led by Martín Guzmán accepted almost two percentage points more than the rate. This may mean a preview of what the Central Bank will decide regarding Leliqs rates and fixed terms.
The board of the monetary authority will meet on Wednesday, a day in which the highest inflation figure in a long time will probably be released.
The remaining 4% of Treasury debt was awarded in variable rate instruments.
In summary, of the amount awarded, 35% was in instruments maturing in 2022, 19% in 2023, 38% in 2024 and the remaining 8% maturing in 2026.
Parallel, Economy exchanged $85,708 million of the linked dollar bond maturing on April 29, 2022for a basket of instruments composed of 20% by a similar bond but maturing on April 29, 2023 and 80% by another linked dollar maturing on April 30, 2024.
It is worth remembering that debt obligations in pesos until April 18 accumulated some $224,134 million. From the exchange, in the remainder of the month they have to face payments for about $386,000 million.
As usual, this Wednesday a select group of financial entities framed in the Market Makers Program will be able to participate in the second round of the tender, in which they will have the three Ledes and a variable rate bill available. Offers may be awarded for up to 20% of the total nominal value awarded in the first round.
Source: Ambito
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