This happens days after the first economic measures taken by the government, among which there was an increase in the official exchange rate of 118%.
Bonds in dollars fall this Friday December 15th and CER titles flew up to 13%. This happens days after economic ads of the head of the Treasury Palace, Luis Caputowhich validated, among other things, a increase in the official exchange rate of 118%, to $800and the elimination of subsidies in the short term.
In this framework, dollar bonds operate with majority of casualties. Those who fall the most are Global 2041 (+5.3%), the Global 2030 (+2.5%) and the Bonar 2041 (+2.4%). For his part, the risk country Argentinian operates stable in the 1,828 basis pointsaccording to the measurement of JP Morgan.
Debt in pesos: how it operates this Friday, December 15
The bonuses CER They fall after a strong bullish streak and after rising more than 20% in the previous round. In this framework, those that fell the most this Friday are the PR13 (-6.8%), the PARP (-5%) and the DICP (-5%).
For their part, the titles dollar linked They operate in positive territory. He TV24 advances 1.3% and the T2V4 upload a 2.1%.
First libertarian bond: linked dollar title for importers
He Central Bank of the Argentine Republic (BCRA) I create a new bonuswhich can be subscribed only by importers of goods with outstanding debtwith the objective of regularizing the flow of merchandise to the country.
Its about BOPREAL (Bond for the Recovery of Free Argentina) in dollars and can only be subscribed by importers who have pending payments until October 31, 2027.
The subscription currency is pesos at the reference exchange rate published by the BCRA based on the Communication “A” 3500 corresponding to the business day prior to the bidding date. However, the pay It will be in US dollars at amortization and/or with early redemption option(s) in favor of the holders. The cancellation of said option exercise may only be in pesos dollar linked.
It will also have the possibility of full amortization at maturity or with partial schemes as defined from time to time and will accrue interest on a one-year basis at a maximum annual rate of 5% to be defined in the tender announcement, which may be payable quarterly or semiannually in US dollars.
Source: Ambito
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