On October 21, the ninth interest coupon of the Treasury Bills in dollars, in the Central Bank’s portfolio, which were issued in 2020 and 2022, expires.
The Ministry of Economy, the Ministry of Finance and the Treasury ordered the expansion of a Non-transferable Treasury bill in dollars for an amount of US$18,133,927 to pay coupon maturities at the end of the month. The decision was made through Joint Resolution 57/2024 published this Thursday in the Official Gazette.
On October 21 of this year, the ninth interest coupon of the Treasury Bills in dollars, in the Central Bank’s portfolio that were issued in 2020, and the fifth interest coupon of the dollar bill maturing on April 20, expire. 2032 originated in April 2022. In this operation, 60% of the interest is sought to be paid.
The ministry also clarifies that it had been arranged that payments of capital amortization services and 60% of interest services of non-transferable bills in the BCRA portfolio, sThey are replaced at their maturity date by new public securities issued at par, five-year terms with full amortization upon maturity, and which will accrue an interest rate equal to that accrued by the BCRA’s international reserves for the same period.
Public debt increased by more than US$89,000 million in the first nine months of the Javier Milei era
In the ninth month of 2024, the stock of gross debt amounted to a total amount equivalent to US$460,068 million, of which US$457,587 million were is in a normal payment situation. But the most outstanding fact is that in nine months, the stock of gross debt increased by US$89,395.
In turn, in September 2024, the increase in gross debt was equivalent to US$1,661 million compared to the previous month, detailed the Secretary of Finance which depends on the Ministry of Economy, in a recent report.
44% of the debt in a normal payment situation is payable in local currency while the remaining 56% is payable in foreign currency, which is why there were no variations in this percentage compared to last month.
The variation is explained by the effect of the exchange differences with respect to the inflation rate that raises the debt in national currency adjustable by CER in a proportion higher than the crawling peg rate (3.5% and 2%, respectively), and the deterioration of the dollar in the world with respect to the main currencies. This effect was equivalent to an increase of US$4,714 million.
Source: Ambito
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