Argentina places debt in local market for $ 927 million


Buenos Aires, Aug. 18 (EFE) .- Argentina on Wednesday placed on the domestic market treasury bills and bonds in Argentine currency for a total value of 94,798 million pesos (about 927.1 million dollars).

As specified by the Ministry of the Economy in a press release, in this Wednesday’s operation, Treasury bills were placed in pesos with a maturity in October and an annual nominal interest rate of 37.98% for a total effective value of 49,309 million pesos (approximately $ 482.2 million).

In the tender, 7,260 million pesos (approximately $ 71 million) in bonds due next December and an interest rate of 39.49% and 10,483 million pesos (approximately 102.5 million dollars) were awarded in notes maturing January 2022 and a nominal annual return of 40.49%.

Bills maturing March 2022 and an inflation-linked yield of 9,066 million pesos ($ 88.6 million) were also auctioned.

Similarly, peso treasury bills maturing in May 2022 and yielding 30% for 18,680 million pesos ($ 182.6 million) were placed.

Today was the second of three calls for tenders programmed by the Ministry of the Economy for the month of August, following on from the strategy of resorting to the internal market launched last year, when the Treasury announced carried out more than forty operations of this type, to which were added 19 others. in the first seven 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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