Argentina puts debt on the local market for $ 1,195 million


Buenos Aires, Nov. 18 (EFE) .- Argentina on Thursday placed on the domestic market treasury bills and bonds in Argentine currency for a total value of 126.063 million pesos (about $ 1.195 million), reported official sources.

As the Argentinian Ministry of the Economy clarified in a press release, in this Thursday’s operation, Treasury bills were placed in pesos due next January and an annual nominal interest rate of 41.53% for a total effective value of 20,432 million pesos (approximately $ 193.6 million).

In the tender, 31,335 million pesos (approximately $ 297 million) in bonds due next June and an inflation-linked yield were also awarded.

Likewise, 12,759 million pesos (approximately $ 121 million) were placed in Treasury bills (Lelite) with a maturity of December 15 and an annual nominal yield of 34.75%.

On the other hand, in this Thursday’s transaction, two series of Treasury bills were placed, one with a yield linked to inflation and maturing in March 2023, for 15,152 million pesos (approximately 143.6 million euros). dollars), and another due in May 2022 and a nominal annual rate of 32%, for 46,385 million pesos (439.6 million dollars).

This Thursday was the second of three calls for tenders planned by the Ministry of the Economy for November, in the continuity of the strategy of recourse to the internal market launched last year, when the Treasury carried out more than forty d operations of this type, to which 28 more were added in the first ten months of this year.

The objective of these calls for tenders is to obtain financing to meet the successive maturities of the Treasury debt and, in addition, to capture the liquidity of the Argentine pesos and thus decompress the demand for the purchase of dollars by the investors for hedging purposes.

(c) EFE Agency

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