He Ministry of Economyheaded by Luis Caputo, will hold a tender this Tuesday the 26th to place a bond in pesos adjusted by the price index (CER), with a on a rate of 4.25% and maturity of February 14, 2025.
According to the official statement, the reception of offers will begin at 10 a.m. and will end at 3 p.m. on Tuesday, the Ministry of Finance reported in a statement.
The tender for the detailed instrument will be carried out by indicating a price with a maximum price which will be announced on Tuesday, December 26, 2023 prior to the start of the tender.
For the presentation of offers for this instrument, there will be a competitive section and a non-competitive section. The offers presented in the competitive section must indicate the amount of VNO to be subscribed, which must be greater than VNO $3,000,000 and the price for each VNO $1,000 with two decimal places, remember the official statement.
“Offers submitted in the non-competitive section must be less than or equal to an amount of VNO $3,000,000, and only the amount to be subscribed must be entered,” he adds.
It also indicates that interested human or legal persons may participate in BONCER subscriptions, and for these purposes they must direct their expressions of interest in a timely manner through the settlement and clearing agents (integral and own) and negotiation agents registered in the CNV.
Tender: how Economy fared
It is worth remembering that last Wednesday Economy placed three bonds in pesos for which it obtained financing of $2.9 billion in what meant the first tender carried out under the management of Luis Caputo at the head of the Palacio de Hacienda.
Of the total awarded, 2 billion pesos corresponded to a discount Treasury Bill maturing on January 18 of next year at an effective monthly rate of 8.66%.
Another $893,630 million corresponded to a bonus adjusted by CER (price variation, with a surcharge of 4.25% and to be paid on February 14, 2024and others $71,341 million in a title with similar characteristics but with an additional 2% to be paid on November 9, 2026.
Investor interest was reflected in the 12,828 purchase orders received for a nominal value of just over 13 billion pesos in nominal value, of which 2.4 billion were taken, which represented an effective amount of 2.9 billion pesos.
Source: Ambito
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