Debt Invitation: Luis Caputo Sets Limit to the Subscription of Lecaps Shorter than Dues
4 Articles
4 Articles
The government will try this Wednesday to renew much of the $15 billion that expires this week, after having directly assumed a considerable portion of the paid liabilities that were previously in the hands of the banks.The situation develops in a context of a shortage of liquidity in the financial institutions, as a result of the strong rise of lace applied at the beginning of the month to contain the dollar, and of the high short-term rates th…
The Government, through the Ministry of Finance, announces a tender for August 13 with offers from Lecaps, Boncap, Dollar Linked and Boncer.
Unlike other calls, the government will set maximums of $3 billion for letters with maturity on September 12 and $4 billion for titles on September 30.
With the money market in tension and lack of liquidity in the banks, the government called on Monday for a key debt tender to mitigate the volatility of interest rates. The Finance Secretariat announced the instruments it will offer next Wednesday, when it will try to renew almost $15 billion. Finance Secretary Pablo Quirno announced that there will be letters and bonds at 30, 45, and 75 days at fixed rate, while again offering dollar bonds link…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium