The reception of offers for all instruments will begin tomorrow at 10 a.m. and will end at 3 p.m., reported the Treasury Palace.
public accounts. The economic team analyzed the INDEC numbers.
In the middle of the exchange rate tension and the persistent hard currency hedging demand that put pressure on the market, Ministry of Economy will tender on Thursday Letters and Bonuses for a minimum amount of $25,000 million and u$s200 million, expandable up to the maximum issued, as officially reported this Wednesday by the portfolio in charge of Sergio Massa.
In recent weeks, the portfolio dollarizations before a uncertain political and economic outlookjust 11 days before Argentines go to the polls to elect new presidents, where the libertarian leader Javier Milei is the candidate who positions himself with the greatest possibility, who proposes dollarize the economy and eliminate the Central Bank (BCRA). Although according to what happened in the PASO, it would be a three-thirds election, where the far-right candidate could go to a second round with the current Minister of Economy Sergio Massa, weight advocateand Patricia Bullrich of Together for Change, which encourages bimonetization.
In this context, the blue dollar on Wednesday exceeded $1,000.
“The great challenge we have next year is that, whoever the president is, he can generate enough political capital to guide a stabilization process,” said the former vice minister of Economy. Fernando Morra.
“That is going to be difficult because of the type of election we are seeing. I would not dare to tell you that this cannot be worse because politics is not giving us tools to think about stabilization,” he estimated.
Economy will tender Letras Ledes and Lecer
The tender is divided into Led Letters and Read for a total of $25,000 million, and the reopening of Bonds that are not part of the Market Makers Programfor US$200 million.
The news You give -discount letters- They will be tendered for $5,000 million and will expire on October 31 of this yearunlike the reopening of the Read -adjusted by CER- that two sections are offered: the first for $10,000 million due on January 18, 2024and another for the same amount due on February 20, 2024.
Economía will tender four bonds with maturities in 2024 and 2025
Meanwhile, the reopening of the four bonusesof US$50 million each, will have deferred maturities: April 30, 2024, June 30, 2024, August 30, 2024 and March 31, 2025.
The reception of offers for all instruments will begin tomorrow at 10 a.m. and will end at 3 p.m.reported the Treasury Palace.
Source: Ambito
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