Two series of bills maturing next October were also tendered, one with a nominal annual rate of 40%, for a total awarded of 1,801 million pesos (US $ 10.8 million), and another with a yield of 40.32% , for 1,999 million pesos (US $ 20 million).
Argentina placed this Wednesday in the domestic market Treasury bills and bonds in Argentine currency for a total cash value of 70,350 million pesos (about US $ 707 million).
As specified by the Ministry of Economy in a statement, in the operation this Wednesday Treasury bills were placed in pesos maturing next August and an annual nominal rate of 38.65% for a total effective value of 14,738 million pesos (US $ 148.1 million).
In the tender, 11,747 million pesos (about US $ 118 million) were also awarded in bills also due in August and at a nominal annual rate of 38.65%.
Two series of bills maturing next October were also tendered, one with a nominal annual rate of 40%, for a total awarded of 1,801 million pesos (US $ 10.8 million), and another with a yield of 40.32% , for 1,999 million pesos (US $ 20 million).
Meanwhile, bills maturing in November and a nominal annual rate of 40.81% were tendered for 2,152 million pesos (US $ 21.6 million).
Likewise, bills were placed with a yield tied to inflation, some maturing in February 2022 for 22,815 million pesos (US $ 229.3 million).
Additionally, in the operation this Wednesday, 15,098 million pesos (US $ 151.7 million) were awarded in Treasury bonds adjusted for inflation and maturing in March 2023.
This Wednesday was the last of the three tenders scheduled by the Ministry of Economy for May, in continuity with the strategy of resorting to the domestic market launched last year, when the Treasury completed more than 40 operations of this type , to which another 10 were added in the first four months of this year.
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 June, the Treasury has scheduled three operations of this type.
