He Ministry of Economy posted this Friday, July 14 eight bonds in pesos, some at a fixed rate, and others adjusted for the variation of the dollar and inflation, with maturities that extend until 2025, for which he obtained $741,515 million.
With this result, the Treasury obtained net financing for $120,263 million (facing maturities for $621,253 million) and so far this year the accumulated amount is almost $2 trillion, with a refinancing rate of 134%, reported the economic portfolio.
They were received 1,089 offerswhich represent a nominal value (VNO) offered total of $980.634 millionof which a VNO of $640,944 millionwhich represents an effective value of $741,515 million.
It is highlighted that 56% of the financing obtained corresponded to instruments maturing in 2023 (82% at the fourth quarter of the year), andl 31% maturing in 2024, and the remaining 13% in 2025.
Besides, 55% was made up of CER-adjusted instruments, 37% fixed-rate instruments, and the remaining 8%, instruments adjusted at the official exchange rate.
In this tender, the average term weighted by the cash value awarded for the CER-adjusted instruments was 7.0 months. This represents an improvement over the June values of 5.9 months. Regarding dollar-linked securities, the weighted average term was 9.6 months.
Tender: 8 titles were offered
-A new LELITE maturing on July 31, 2023, exclusively for Mutual Investment Funds.
-A new fixed rate LEDE (S31O3) maturing on October 31, 2023.
-Two CER-adjustable bills that were reopened: X18O3 and X23N3, maturing on October 18 and November 23, respectively, corresponding to 2023.
Lastly, a reopening of 4 bonds: one linked to the US dollar, TV24, maturing on April 30, 2024, and three CER-adjusted, T2X4, T2X5 and TG25, the latter nestable, maturing on July 26, 2024. , on February 14, 2025 and August 23, 2025 respectively.
Market Makers Program
Within the framework of the Market Makers Program, the second round of the bidding will take place next Monday, where offers may be received and awarded for up to 30% of the total nominal value awarded in today’s bidding. This maximum amount to be awarded will be distributed through two bids of 15% each between market makers and leading market makers. The instruments that are part of the program are the three letters: X1803 and X23N3, adjusted by CER, and S31O3, at a fixed rate.
The next tender will take place on Thursday July 27, as previously reported in the preliminary bidding schedule for the second half of 2023.
Source: Ambito
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