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© Reuters. Argentina places debt in the local market for 1,230 million dollars
Buenos Aires, Jan 13 (.) .- Argentina completed this Thursday the second round of placement in the national market of Treasury bills in Argentine currency for which it obtained a total cash value of 127,537 million pesos (about 1,230 million dollars) , reported official sources.
As specified by the Argentine Ministry of Economy in a statement, the Treasury added an additional 13,137 million pesos (126.7 million dollars) on Thursday over the 114,400 million pesos (1,103.3 million dollars) that it had obtained in the first January tender, held this Wednesday.
In this Thursday’s operation, the Treasury placed a bill adjusted for inflation due on October 21 next for 3,583 million pesos (34.5 million dollars).
In addition, it placed a discount bill with maturity on April 29 and an annual nominal interest of 43.24% for 7,793 million pesos (75.2 million dollars) and another that matures on May 31, 2022 and has a Annual nominal yield of 43.62% for 1,762 million pesos (almost 17 million dollars).
In the operation last Wednesday, the Treasury placed the letter adjusted for inflation due on October 21 next for 47,225 million pesos (455.5 million dollars).
It also issued a new Treasury Liquidity letter at a discount maturing on January 31 next and an annual nominal interest of 35.25% for 26,257 million pesos (253.2 million dollars).
In addition, it reopened the discount bill with maturity on April 29 and an annual nominal interest of 43.24% for 25,594 million pesos (246.8 million dollars) and the one that matures on May 31, 2022 and has a Annual nominal yield of 43.62% for 15,324 million pesos (147.8 million dollars).
In this way, the net financing so far in January totaled 72,063 million pesos (695 million dollars) and the percentage of refinancing of maturities was 230%, said Economía.
The objective of these tenders is to obtain financing to face the successive maturities of Treasury debt and, in addition, to capture the liquidity of Argentine pesos and thus decompress the demand for the purchase of dollars by investors for hedging purposes.
For the first half of 2022, the Ministry of Economy has already established a schedule that includes thirteen tenders in the national market.
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