Economy obtained the highest net financing of the year

The Palacio de Hacienda raffled a new debt tender on Monday and obtained positive net financing for $295,843 million.

The Treasury must face maturities for $477,867 million and ended up placing $773,710 millionwhich is equivalent to a rollover of 162% of debt.

The Finance Secretary, Eduardo Setti, said through his Twitter account that Offers were received for more than $1 billion, being the highest net financing of the year. He also highlighted the large participation of private companies (70%).

In this way, from the Palacio de Hacienda they assured that the monthly net financing was also the highest of the year, for more than $475,000 millionstill subtracting the second round that will take place this Tuesday.

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With this result, the net financing so far this year is more than $1.2 trillion.

On this day they received 980 offerswhich represents a total offered WNV of $1,025,045 millionof which a WNV of $674,312 million was awarded, which represents a cash value of $773,710 million.

Likewise, in the distribution of the maturity horizon, 64% of the financing obtained corresponded to instruments maturing in 2023, 18% maturing in 2024, and the remaining 18% maturing in 2025.

The terms of the placements

From the Ministry of Economy information that during May, compared to April, the average placement terms of the instruments adjusted by CER were extendedextending from 3.1 months to 7.3 months while the average rate weighted by the foreclosed effective value was reduced from 4.4% to 3.2%.

besides, the weighted average placement term in May was the longest of the yearas well as the weighted average rate was the lowest of the year.

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Regarding dollar-linked securities, the weighted average term was 14.5 months, while the weighted average rate was -2.8%. This also implies an improvement compared to April, the month in which these values ​​reached 4.2 months and -2.3% respectively.

As with CER-adjusted instruments, the weighted average term for May was the longest of the year, and the weighted average rate was the lowest of the year.

Instruments offered

In this tender, the menu of instruments offered consisted of 9 titles: A LELITE was reopened with maturity on June 16, 2023, exclusively for Mutual Investment Funds. In addition, three bills were reopened: two configurations for CER, X18S3, and X18O3, maturing on September 18 and October 18, respectively, and one linked to the US dollar, D31O3, maturing on October 31, all maturities corresponding to 2023.

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There was also a reopening of three bonds: one CER-adjustable, T2X3, maturing on August 13, 2023, and two linked to the US dollar, TV24 and T2V4, maturing on April 30, 2024 and September 30, 2024. respectively.

Lastly, there were two new issues: a CER-adjusted bill, X23N3, maturing on November 23, 2023, and a CER-adjusted bond maturing on June 18, 2025.

Within the framework of the Market Makers Program, The second round of the bidding will take place this Tuesday, while the next bidding will take place on Wednesday, June 14.

RD/DE