The Treasury obtained $ 206,954 million in the last tender of the month

The Ministry of Economy placed nine debt securities in pesos for which it obtained $ 206,954 million, in the last tender in November, the month in which the Treasury faced maturities of about $ 290,000 million and obtained funds for more than $ 420,000 million.

In this way he achieved extra financing for $ 132,746 million that will turn to face the maturities of December.

Of the total financing obtained, 7% corresponded to the LELITE, maturing on December 15 and exclusively destined to Common Investment Funds, the 81% to instruments maturing in 2022, 9% in 2023 and the remaining 3% in 2024, the latter linked to inflation.

Measured in another way, 40% of the amount awarded was in fixed rate instruments, 43% in instruments adjusted by CER (Inflation), and the remaining 18% was awarded in instruments linked to the US dollar.

Economy issued a new LELITE, maturing on December 15, 2021, discount bills (LEDE) were reopened, maturing on February 28 and March 31, 2022, a new LEDE was issued, maturing on April 29, 2022.

Regarding CER-adjusted securities, a new bill (LECER) was issued, maturing on August 16, 2022 and CER-adjusted bonds were reopened, maturing on August 13, 2023 (T2X3) and March 25, 2024 (TX24).

Finally, the bonds linked to the US dollar were reopened, maturing on November 30, 2022 (Q2V2) and April 28, 2023 (TV23)

In the three tenders in November, securities for $ 420,621 million were issued compared to maturities of $ 287,875 million, for which a refinancing rate of 146% was reached, which was the second highest since June 2021, when 165% was obtained.

The National Treasury accumulates, after this tender, a net annual financing of $ 576,003 million, which implies a refinancing rate of 118%.

According to the bidding schedule, next Monday, November 29, the Second Round of the instruments that are part of the Market Makers Program will take place, and on December 13, the first of the two bids scheduled for the last month of 2021.

By Editor

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