Last week, the Ministry of Finance had assured that this new title “creates incentives for more investors to turn to the Treasury by increasing financing in pesos and strengthening the public debt market in pesos.”
At the same time, Economía will offer two letters at a fixed rate (Ledes), maturing in January and February 2022, respectively, another letter indexed by inflation (Leisure) with a deadline of June next year, and a Bonus at Badlar Rate + 5.25%, due February 2023.
As usual, the reception of the offers will begin at 10:00 am on Thursday and will end at 3:00 pm. Unlike the Lelites, the bidding of the Ledes, Lecer and Badlar Bonds will be carried out by price indication and will have a competitive and a non-competitive tranche; The offers presented in the competitive tranches must indicate the amount of VNO to be subscribed and the price, which must be expressed for each VNO of $ 1,000 to two decimal places. The offers that are presented in the non-competitive tranches will be limited to a maximum amount of VNO $ 3,000,000, only the amount to be subscribed must be consigned.
The Lelite bidding will be by adhesion with a single sheet. The offers that are presented must indicate the amount of VNO in Pesos, which may only be subscribed by Common Investment Funds registered with the National Securities Commission, and their interest must be pursued through their Depository Societies.
On the other hand, Ledes and Lecer will be available in the second round of the tender, which will take place on Friday, October 15 between 11:00 a.m. and 1:30 p.m.. It should be remembered that this option is intended for a limited group of 13 banks and brokerage firms, which may re-tender for a maximum total amount of 20% of the total awarded in the first round of each of the aforementioned instruments. The advantage is that they will already know in advance the rate agreed for each title.
In the first week of October, Economía managed to obtain financing for 140% of the maturities it had to face.
In the year, the Treasury accumulates a net financing of $ 444,678 million and a refinancing rate of 117%, having placed different public debt instruments for a total of $ 3 trillion to date.
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
