The Government expands the debt program with issues of more than $18 billion

The Government expands the debt program with issues of more than  billion

The operation, which combines the issuance of new bonds and the reallocation of unplaced amounts, reinforces the Government’s financing strategy in pesos.

Ignacio Petunchi

The Ministry of Finance and the Ministry of Finance authorized the issuance of a new bond and the reallocation of amounts from previous public debt issues. The total amount of the operation is for more than $18 billion pesos.

The Joint Resolution 3/2025 then authorizes the issuance of a new debt instrument, the “National Treasury Bond capitalizable in pesos due June 30, 2026“, and at the same time, reallocate unplaced amounts of Treasury Bills and Bonds already issued, to adjust them to current budget authorizations.

The total amount of the operation detailed in the official text is the sum of the nominal values ​​of the emissions and effects described. These are the amounts:

  • Original Nominal Value (NOV): $5,000,000,000,000 (five billion pesos).
  • National Treasury bill capitalizable in pesos with maturity July 31, 2025:

    • WNV affected: $3,891,494,926,640 (three billion, eight hundred and ninety-one billion, four hundred and ninety-four million, nine hundred and twenty-six thousand, six hundred and forty pesos).
  • National Treasury bill capitalizable in pesos with maturity October 31, 2025:

    • WNV affected: $4,835,796,017,740 (four trillion eight hundred thirty-five thousand seven hundred ninety-six million seventeen thousand seven hundred forty pesos).
  • National Treasury Bond in pesos zero coupon with adjustment by CER expiry March 31, 2027:

    • WNV affected: $4,632,709,259,382 (four trillion, six hundred and thirty-two billion, seven hundred and nine million, two hundred and fifty-nine thousand, three hundred and eighty-two pesos).
  • Financial instruments issued

    The regulations detail the conditions for the issuance of a new bond, the “Capitalizable National Treasury Bond in pesos maturing in 2026”, and the budgetary impact of previously issued bills and bonds. These instruments include:

    • Treasury bill due July 2025.
    • Treasury bill due October 2025.
    • CER-adjusted bond due March 2027.
    • Features of the new bonus

    • Currency: pesos.
    • Amortization: full at maturity.
    • Interest: capitalized monthly according to an effective rate that will be determined in the tender.
    • Trading: in the Electronic Open Market (MAE) and other securities markets in the country.
    • Tax exemptions: applicable under current laws.

    Finally, the Bulletin mentions that the current budgetary and regulatory framework is used to justify and authorize operations. “The unplaced amounts of previously issued instruments will be affected, adjusting them to legal authorizations,” he concludes.

    Source: Ambito

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Latest Posts