The placement will take place this Wednesday and the Ministry of Finance will put eleven securities on the table. On the menu will be fixed-rate LECAP, inflation-linked bonds (CER) and dollar-linked bonds.
On a day marked by the debut of the new monetary scheme, through which the Treasury will receive the final migration of the remunerated liabilities of the central bank to its orbit, The Ministry of Economy launched the call for a new regular tender for debt in pesos that will take place this Wednesday.
The team of Luis Caputo announced the placement of a wide menu of eleven titles composed of letters atFixed rate (LECAP) and inflation-adjusted bonds (BONCER) and the official exchange rate (dollar linked).
In the operation, the Ministry of Finance will seek at least the $3.76 trillion needed to renew this week’s commitments (almost all concentrated in the LECAP which expires on Friday).
Tender details
On the table, there will be two LECAP. The bills maturing on November 29 and 31 will be reopened. March. The latter will have a Default monthly effective rate floor: 4.5% TEMOn Monday, LECAPs traded higher, except for November, which closed 0.2% lower.
Surprisingly, the team of Pablo Quirno decided to include in the tender five BONCER: TZXD5, which expires in December 2025; TZXD6, in December 2026; TZX27, in June 2027; TZXD7, in December 2027; and TZX28, in June 2028. Over the past week, there have been significant declines in the CER curve, especially in the long-term.
Finally, there will be four bonuses dollar linked: TZV25, by June 2025; TZVD5, by December 2025; TZV26, by June 2026; and TZV27, by June 2027.
Source: Ambito
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