On this occasion, the Government again offered US$750 million, but the companies demanded only 8% (about US$60 million).
He Government offered again US$750 million in the BOPREAL, the bonds with which it seeks to clear the stock of importers debt, but companies demanded only 8% of what was offered. The performance was worse than the first tender, in which 9% (US$68 million) was awarded. Impact on the gap?
After last week’s poor result, this Wednesday and Thursday the central bank faced a second tender for the BOPREAL (bond for the reconstruction of a Free Argentina), a title issued by the monetary authority to begin to clear the stock of commercial debt of importers, which It amounts to US$62,000 million between goods and services.
On this occasion, the Government again offer US$750 millionbut the companies demanded only 8% (about US$60 million).
Among the factors that explain the lack of interest, analysts consulted by Ambit The low exchange rate gap and doubts regarding the parity at which it would end up trading in the secondary market stand out.
DEVELOPING…
Source: Ambito
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