He Ministry of Economy carried out this September 1st the first bidding of the month, outside the usual schedule, under the argument of “favorable market conditions”, and managed to award $464,014 million.
So, would cover approximately 70% of the estimated maturities for the next tender, sources from the economic portfolio indicated.
Almost all of the bids awarded corresponded to the private sectorwith a broad base of investors by sector, highlighting asset managers mutual funds, corporate sector, insurance companies, banks.
“It is important to note that, unlike the usual tenders, short-term instruments were not offered, maturing in 2023, but rather the investment options aimed at extending the curve with a balanced distribution of maturities”they commented from Economy.
With this result, net financing so far this year reached $3.4 trillion, with a refinancing rate of 148%
In this tender, the following four titles (reopenings) were offered, all maturing in 2024:
-Two bonuses adjusted by CER: T6X4 and T4X4, with maturities on May 20 and October 14, respectively.
-A bonus DUALwhose maturity is August 30 (TDG24).
-A bonus pegged to the US dollar maturing on September 30 (T2V4).
On the day of the date they were received 725 offerswhich represent a total offered WNV of $451,215 million, of which a VNO of $401,973 millionwhich represents an effective value of $464,014 million.
60% of the financing was made up of dual instrumentshe 31% for CER-adjusted instruments and the The remaining 9%, for instruments adjusted to the official exchange rate.
In this tender, considering all the instruments, the average term weighted by cash value awarded was 12 months.
In the next tender, maturities estimated at approximately $660,000 million. The financing obtained on the day of the date managed to cover 70% of them. “Going forward we will continue with the usual schedule, working and analyzing the expiration profile of each of the tenders. The next tender will take place on Thursday, September 14, as previously reported.”They pointed out from the portfolio.
Source: Ambito
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