In the conversion operation, 1,233 offers were received, representing a total of US$15,662 million, which is equivalent to cash value of $2 billion.
Sources from the Palacio de Hacienda admitted to Ambit the need to seek greater financing than expected based on the return of temporary advances from the BCRA and also the decision not to take more financing from the entity, as Sergio Massa pointed out at the time.
In addition, they highlighted the high private and investment fund participation and estimated that there will be no inconveniences for debt roll over by 2023.
The National Treasury had to face maturities for $615,862 million in August, $1,123,801 million in September and $807,068 million in October. After this conversion operation, managed to reduce projected maturities to $115,318 million, $209,337 million and $155,336 million, respectively.
It should be noted that 83% of the maturities projected for the month of October were placed in the dual instrument maturing in September 2023. That is, $651,862 million were awarded post PASO 2023.
The Treasury offered the following options:
• Option 1: A dual currency bond maturing on June 30, 2023 for holders of LECER X16G2 and LEDE SG162 maturing on August 16 and LEDE S31G2 maturing on August 31, 2022. .
• Option 2: A dual currency bond maturing on July 31, 2023 for holders of BONCER T2X2 and LEDE S30S2, maturing on September 20 and 30, 2022, respectively.
• Option 3: A dual currency bond maturing on September 29, 2023 for holders of LECER X2102 and LEDE S31O2, maturing on October 21 and 31, 2022, respectively.
The next tender will take place on next Thursday August 11, as previously reported in the preliminary bidding schedule for the second half of 2022.
Source: Ambito
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