Economy: the characteristics of the operation
In the article, they mention that on September 16, the second interest coupon on the non-transferable national Treasury Bill in US dollars expires. September 15, 2033 in the Central Bank’s portfolio. To pay it, the issue of the non-transferable Treasury bill in dollars maturing on April 3, 2029 issued in April of this year by an amount of US$6,120,539 to be delivered to the Central Bank for the paymentr, accruing interest from the date of placement.
The Ministry of Economy will make the amortization and capital payments, and interest on new five-year public securities with full amortization at maturity and will accrue interest rates equal to those accrued by the reserves for the same period and up to a maximum of the SOFR TERM rate at one (1) year plus the adjustment margin of zero point seventy-one thousand five hundred thirteen hundred thousandths percent (0.71513%) less one (1) percentage point, applied to the amount of capital actually subscribed.
That is, a 60% will be rolled over as debt while the remaining 40% of the maturity will be paid in cash.
Economy placed debt securities for $ 6.9 billion
He Ministry of Economy placed on Wednesday nine bonds in pesos to refinance longer-term, lower-interest debt payments, for which it raised just over $6.9 trillion in cash.
He The greatest investor interest was in Treasury Bills with a shorter-term maturity, December 13, which raised $2.1 billion, an effective monthly rate at the time of capitalization of 3.75%.
In Second place was occupied by the Letter maturing on February 14, 2025 with $1.2 billion, and an annual nominal rate of 50.53%.
The others The bills had the following maturities in 2025:cash amounts and nominal rates: Letter as of March 14; $ 608,909 million; 51.64% // April 16, $ 995,916; 52.75% // May 16, $ 717,552; 54.61% // as of September 21, $ 828,692; 59.14%
As for the inflation-adjusted bonds (CER), had the following results: the one due on March 31, 2025 raised $1.2 trillion and a rate of 5.56%; the one payable on March 31, 2026 raised $1.1 trillion, and a rate of 8.7%; and the one due on March 31, but in 2027, raised $984,020 million and a rate of 10.40%.
Source: Ambito
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