New debt issuance in pesos: The Treasury seeks to place more than $ 18.2 billion

New debt issuance in pesos: The Treasury seeks to place more than $ 18.2 billion

The issuance of the National Treasury Bonus is part of a transparent and regulated process, guaranteeing its legality, accessibility in financial markets and tax benefits for investors.

Mariano Fuchila

The Ministry of Finance and the Ministry of Finance established the issuance of a new National Treasury Bonus and the conversion of certain public debt instruments within the framework of the 27,701 Budget Law, which governs for exercise 2025.

As mentioned in Joint Resolution 6/2025 published Friday in the Official Gazette, the “National Treasury Bonus Capitalizable in Pesos with Expiration January 15, 2027“For an amount of up to $ 5 billion. This title will pay interest monthly and will be amortized entirely at the expiration.

“Non -placed amounts of two series of” Lyrics of the National Capitalizable Treasury in Pesos “will be affected” With maturities in March and April 2025, to the budgetary authorizations of the current year, “adds the regulations.

Issuance of New Letter of the Treasury

The “National Treasury letter capitalizable in pesos with expiration November 10, 2025” will be issued for an amount of up to $ 5 billion, with financial conditions similar to the bonus mentioned above.

Existing bond conversion

A conversion of the “National Treasury Bonus in pesos adjusted by CER 4.25% expiration February 14, 2025” will be convened by the new “letter of the national treasure capitalizable in pesos with expiration November 10, 2025”. This operation will be carried out by means of a tender.

Operations amounts

  • Bonus 2027: Up to 5 billion pesos.
  • March 2025: 4,199,354,000,844 pesos (amount not placed).
  • April 2025 letter: 4.010.119.631.496 pesos (amount not placed).
  • November 2025: Up to 5 billion pesos.

The total amount of operations is $ 18,209,473,632,340 (eighteen billions two hundred nine thousand four hundred and seventy -three million six hundred thirty -two thousand three hundred forty pesos). It is worth mentioning that the amounts are “up to” 5 billion pesos, which means that the final amount could be lower.

This total amount includes both new emissions and the impact of non -placed amounts of previous instruments. However, it is important to note that not all of these operations imply an immediate disbursement, since some correspond to the reallocation of amounts not previously placed.

Source: Ambito

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