He Ministry of Economy this Thursday placed a series of bonds in pesos (mostly adjusted for inflation) for which it obtained $821,576 million, with which it faced the payment of maturities for $725,062 million, and obtained net financing of almost $100,000 million.
This way, “net financing of $96,514 million was obtained, which implied a Roll Over of 113%”highlighted the Secretary of Finance, Eduardo Settithrough the social network X (ex Twitter).
After the official’s message, the Ministry reported that the tender received 866 offers, which represented a total face value offered of $1.2 trillionof which $761,137 million were awarded, which represented a cash value of $821,576 million.
Tender: almost 70% of the financing corresponded to instruments with maturities in 2024
It is highlighted that 31% of the financing obtained corresponded to instruments maturing in 2023 and the remaining 69%, in 2024. In this tender, the average term weighted by the cash value awarded for the CER-adjusted instruments was 10.1 months. This represents an improvement from the July values of 9.8 months.
Two letters were reopened: one at a fixed rate (S31O3) and one adjustable by CER -price index- (X23N3), maturing on October 31, 2023 and November 23, 2023 respectively.
Meanwhile, a new letter adjusted by CER maturing on January 18, 2024 (X18E4).
In addition, two other new CER-adjusted bonds maturing on May 20 and August 19, 2024, respectively, were awarded.
Lastly, three CER-adjusted bonds were reopened: T2X4, T4X4 and T5X4, maturing on July 26, October 14 and December 13 of the following yearinformed the Ministry of Finance.
Within the framework of the Market Makers Program, This Friday the second round of the bidding will take place, where bids 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: X23N3 and X18E4 adjusted by CER, and S31O3, at a fixed rate.
The next tender will be held on Friday, August 18.
Source: Ambito
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