At the same time, they were placed 35 Negotiable Obligations (ON) distributed in:
16 ON of the General Regime in pesos for a total amount of $54,309 million
9 ON of the General Regime in USD Linked for a total amount of US$260.8 million
6 ON of the CNV SME Regime Guaranteed in pesos for a total amount of $770.8 million
4 ON of the CNV PYME Regime Guaranteed in US$Linked for a total amount of US$6.7 million
The amount placed in Financial Trusts had a increase of more than 70% compared to July 2022, showing a recovery after the fall suffered the previous month and being among the maximum values of the last 12 months.
This record record for the year occurs in a context of scarcity of bank credit, which means that publicly offered instruments become the predominant alternative for financing Argentine companies.
The total amount placed of Negotiable Obligations increased by more than 50% compared to the total negotiated in the previous month, reaching the maximum of the last 18 months. Along these lines, increases were observed both in placements in pesos and in US dollars, while no UVA issues were recorded during the month.
Christian TorradoSenior Manager of Structured Finance of PwC Argentina comments in this regard, “The context of crisis increases activity in the Capital Market, since the scarcity of bank credit means that publicly offered instruments become the predominant alternative for financing Argentine companies.”
Four companies stood out in the General Regime of Negotiable Obligations in pesos, issuing an amount greater than the sum of the placements of the months of June and July. Is about PAE, Pampa Energía, Naranja X and Cresud, which together placed a total amount of $41,196 million.
The total placed in August of 35 ON represents the largest volume of issues so far in 2022. Placements in pesos were the most significant, with a 100% increase in the number of issues compared to the previous month.
Source: Ambito
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