Among the fixed rate securities a liquidity letter will appear (Lelites), available only for Common Investment Funds, maturing in December, another discount bill (Ledes) maturing in January 2022, and a bond (variegated) with a deadline in May next year.
In parallel, the titles tied to the Reference Stabilization Coefficient (CER) will be two: one letter (Leisure) with a term of June 2022 and a bond (Fuck) due March 2023.
The bidding of all the instruments, except the Lelites, will be carried out by means of a price indication. In the case of the Ledes and the Bonte, it must be equal to or greater than the minimum price of $ 927.20 and $ 958.48, respectively, while the Lecer and the Boncer will not have a minimum or maximum price.
There will be a competitive and a non-competitive leg. The offers presented in the competitive tranches must indicate the amount of nominal value (VNO) to be subscribed and the price, which must be expressed for each VNO $ 1,000 to two decimal places. The offers presented in the non-competitive tranches will be limited to one maximum amount of VNO $ 3,000,000, only the amount to be subscribed must be consigned.
In the case of Lelites, the tender will be for adhesion with a single sheet, at the price of $ 979.48 for each VNO $ 1,000. It should be noted that this letter is non-transferable and non-negotiable.
Additionally, Economía reported that Ledes and Lecer will be part of the second round of the tender, to be held this Friday for the select segment of “Aspiring Market Makers”.
In the first tender of the month, the Treasury obtained $ 79,585 million, almost seven times more than the maturities of the week ($ 11,600 million). Additionally, it managed to exchange 52% of the remainder for the dollar linked T2V1 bond, which expires on November 30.
Product of this operation, November’s projected maturities ($ 328,367 million) were reduced by about $ 50,600 million.
From these operations, Economía increased its annual net debt to about $ 510,000 million, which implies an annual roll-over of 118% with respect to maturities.
Source From: Ambito
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