In parallel, Economía will make two fixed-rate bills available to the general public (Ledes), with deadlines in April and May next, and another letter indexed to inflation (Leisure), with a deadline of October. In these cases, the award will be made by indicating the price.
The offers presented in the competitive tranches must indicate the amount of VNO to be subscribed and the price for each VNO of $ 1,000, with two decimal places. Meanwhile, the offers presented in the non-competitive tranches will be limited to a maximum amount of VNO $ 3,000,000, only the amount to be subscribed must be consigned.
Both the Ledes and the Lecer will be part of the second round of the tender, which will be held on Thursday for those financial institutions and stockbrokers selected in the Market Makers Program.
The Government closed 2021 with a net financing in local currency of $ 746,042 million, equivalent to about 1.7% of GDP. In addition, it represented a 122% roll-over compared to the maturities of the period.
Although the figure was not negligible, the financing mix goal of the fiscal deficit was not met, consisting of 60% by issuance and 40% by debt. Finally, the assistance of the Central Bank represented about 70% of the State’s red, leaving 30% for what was achieved in the bids of the Ministry of Finance.
In the first quarter of 2022, debt maturities in pesos accumulate $ 1.5 trillion; about $ 255 billion expire in January (most of it at the end of the month), nearly $ 495 billion in February, and more than $ 760 billion in March. While the January maturities are mainly for fixed rate instruments, those for February and March correspond mainly to instruments tied to inflation.
Source From: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
