This bill, according to the document, will be used to pay the nineteenth interest coupon of a treasury bill in dollars maturing on August 25, 2024 that expires February 26.
In order to cancel the aforementioned interest service, the issuance of the “Nontransferable National Treasury Bill in United States Dollars due January 7, 2034” will be expanded, originally issued through article 1 of joint resolution 1 of January 3, 2024 of the Ministry of Finance and the Ministry of Finance, both of the Ministry of Economy.
The extension will be for an amount of up to original face value US dollars fifteen million four hundred thirteen thousand one hundred sixty-four and sixty-eight cents (VNO u$s15,413,164.68), which will be placed at par with the Central Bank of the Argentine Republic, and will accrue interest from the date of placement.
Economy placed $4.9 billion in peso securities adjusted for inflation
The Ministry of Economy placed in its last tender two titles in pesos, one maturing in 2026 and the other in 2027, adjusted by CER (inflation) for which it obtained almost $ 4.9 billion, with which it will not only pay 1.9 billion that expire soon, but also obtained almost all of what it must pay during February.
The iInvestor interest was reflected in the 1,405 offers received which totaled $4.9 billion in nominal value, of which 3.9 billion were taken, which represented an effective value close to $4.9 billion pesos
In the bond maturing on June 30, 2026 It concentrated just over $1.8 trillion, and gave a negative rate in relation to inflation of 3.48%, while the second title to be paid on the same date, but from 2027, had a placement for $3 trillion, and a negative return of 3.47%.
From the Ministry of Economy they highlighted: “This operation allows us to continue withThe process of cleaning up the BCRA’s balance sheet, “reducing the monetary overhang and improving the financial burden of the Treasury debt.”
The financial fiscal balance of the National Treasury “eliminates the need to take on new debt. For this reason, the financing obtained above the maturities will be used to repurchase the AL35 sovereign bond in the BCRA portfolio for approximately 30% of the monetary base,” the Treasury Palace said in a statement.
Given that the market demand was concentrated in the titles 2026 (TZX26) and 2027 (TZX27) “and this being consistent with our objective of stretch the maturity profile, It was decided to award the entire auction in these instruments”, leaving a discounted Bill that expired on May 20 of this year and that was part of the offer without placements.
Source: Ambito
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