Key Invitation to Tender: the Government Renewed All the Debt that Expired, Achieved a Low Rate and Did Not Release Pesos to the Market

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The Finance Secretariat faced maturities of less than $8 billion and achieved a refinancing rate of more than 100 percent

DataClave

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The Finance Secretariat renewed on Wednesday the $9 billion in titles due this Friday, of which $8 billion were in private hands, in a position with expectations of a still dollar and rising inflation. Of the $9 trillion refinanced, $5 billion went to the placement of a Letra with maturity on April 17, which will provide an effective monthly rate of 2.81%, and a billion pesos more in another letter that adjusts for inflation (CER) to pay on June…

elCanciller

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On Wednesday, the government awarded $9.02 billion in the last bid for the maturity of debt, an amount that represented a roll-over of more than 120%. The information was confirmed by the Secretary of Finance, under the Ministry of Economy, who indicated that there were offers for up to $11.51 billion. In the general consolidation it was stated that 9,051 offers were received, of which 8,976 corresponded to titles in pesos and 75 instruments in …