Once again, the possibility of opting for inflation-linked assets, the ones in greatest demand in the market, was set aside.
In this tender, the menu of instruments offered consisted of a new exclusive Lelite for Mutual Funds maturing on December 16, 2022; two Discount Letters, payable in March and April of next year, and two bonds linked to the variation of the dollar maturing in April and July 2023.
Argentina will have presidential elections in 2023 and the primaries are scheduled for August, so most private investors take government risk maturing before that date.
The portfolio led by the Minister of Economy, Sergio Massa, received 1,041 offers representing a total of 269,598 million pesos, nominal value, of which he awarded 261,560 million pesos, which represented a value cash of 219,050 million pesos.
Of the total financing obtained, 12% corresponded to Lelite, and the remaining 88% to instruments maturing in 2023.
Within the framework of the Market Makers Program, this Tuesday, the Second Round will be held, where offers can be received and awarded for up to 20% of the total nominal value awarded in the tender this Monday.
Source: Ambito
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