In the vicinity of an expiration of a Treasury letter in dollars, the Ministry of Economy together with the Ministry of Finance and Finance issued a new letter of the treasure with expiration at one year – February 13, 2026- for an amount of U $ S1.214,669,382.14. The measure was formalized by means of a joint resolution 7/2025 published in the Official Gazette.
The letter whose expiration is carried out on February 17, 2025, was originally issued on August 15, 2024 by the Ministry of Finance.
This title will have the following characteristics:
Specific officials of the Ministry of Economy are authorized to subscribe the necessary documentation for the operation.
Debt in pesos: Luis Caputo prepares the first February tender and the City monitors the fees
The team of Luis Caputo is preparing to launch on Wednesday the First debt tender in February pesos. With a diminished liquidity in your account in the Central Bank, the Government He will face maturities for about $ 6.6 billion this week. The City expects the details of the instrument menu that will include the auction and, after the reinforcement of the incentive to the “Carry Trade”monitor the impact of monetary policy on rates of interest.
Next Friday, two titles expire in pesos: the T2X5 bonce (bonus tied to inflation) and the LECAP S14F5 (capitalizable letter at a fixed rate). According to data from the Congress Budget Office (OPC), between both they total payments for about $ 6.6 billion.
Within that framework, it will be key to see if the economic team prioritizes Refinancancia the highest possible percentage of these maturities at the cost of paying a higher interest rate or if it awards a lower percentage and releases more weights to the marketas happened in the last January tender in which it renewed only 75% of the payments to settle before the demand for liquidity from the banks. Likewise, in that operation he paid 2.05% of the monthly effective rate (TEM) for a bonus as of January 2027, although both the government and the City analysts expect inflation to drill that level in the short term.
Source: Ambito
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