He Ministry of Economy this Thursday awarded an effective value of $796,555 million in a tender for public securities and obtained net financing for almost $44.3 billion. In this way, the net financing obtained so far this year totals $4.3 billion, equivalent to a rate of 148% with respect to the needs that had to be covered.
“Today a new tender was held, in which maturities of $752,252 million were faced. Offers were presented for a total NPV (nominal value) of $1,340,335 million and Economía awarded the sum of $796,555 million, obtaining net financing of $44,303 millions”said the Secretary of Finance, Eduardo Setti, in a message through his account on the social network X (ex Twitter).
“It should be noted that all of the net financing obtained corresponds to the private sector, with a broad base of investors by sector,” Setti added.
In this tender, they offered seven titles: two inflation-adjustable (CER), with maturities in January 2024 (X18E4-reopening), February 2024 (X20F4- reopening); two by exchange rate, expiring in April 2024 (TV24 – reopening) and March 2025 (TV25 – reopening); two Dual bonds, which pay for inflation or exchange rate, TDJ24 and TDG24, with maturities in June and August 2024, respectively; and a National Treasury Liquidity Letter (Lelite), exclusive for Common Investment Funds, maturing in October 2023.
Of the total validated offers, 59% were made up of dual instruments, 23% of CER-adjusted instruments, 17% of US dollar-linked instruments, and the remaining 1% of fixed rate instruments.
Only 1% of the financing obtained corresponded to instruments with maturities in 2023, while the remaining 99% corresponded to instruments with maturities in 2024 and 2025. Considering all instruments, the weighted average term by effective value awarded was 7.6 months.
Within the framework of the Market Makers Program, next Tuesday, October 17, the second round of the bidding will be held, where offers can be received and awarded for up to 30% of the total nominal value awarded in the bidding on the day of this Thursday.
This maximum amount to be awarded will be distributed through two sheets of 15% each between market makers and leading market makers. The instruments that are part of the program are the letters adjusted by CER: X18E4 and X20F4.
The next tender will take place on Friday, October 27, as previously reported in the preliminary tender schedule for the second half of 2023.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
