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Caputo placed $8.4 billion and will use net funding to pay the debt in dollars

Caputo placed .4 billion and will use net funding to pay the debt in dollars
Caputo placed .4 billion and will use net funding to pay the debt in dollars

“The proceeds from this tender, above the maturities of $5.7 billion, will be used to buy the dollars necessary to pay the next debt maturities in foreign currency during the month of July,” indicated the economic portfolio.

Telam

The Ministry of On Wednesday, the Ministry of the Economy placed $8.4 billion in a new tender of debt in pesos, which allowed it to renew maturities for almost $6 billion and achieve net funding, which it will use to cancel a payment on sovereign bonds in dollars in July.

The Ministry of Finance also announced that it received offers for a total of $15.1 billion.

“The proceeds from this auction, in excess of $5.7 billion in debt, will be used to purchase the dollars needed to pay the next debt payments in foreign currency during the month of July,” the economic portfolio indicated.

The instruments awarded were:

LECAP 9/30/24 (S30S4) $6.0 billion at the reference rate of 4.25% TEM

LECAP 12/13/24 (S13D4) $2.2 billion at a cut-off rate of 4.50% TEM

Dollar Linked 13/15/25 (TZVD5) $0.2 trillion at a cut-off rate of -8.79% TIREA

In this way, it was resolved to vacate the Lecaps maturing on July 26, 2024 (S26L4) and August 30, 2024 (S30G4).

Source: Ambito

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