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Argentina auction equivalent to 652 mln dlr in bidding of four titles: Ministry of Economy

BUENOS AIRES, Jan 14 (Reuters) – Argentina on Thursday placed three bills and a Treasury bond for 55,842 million pesos nominal value (about 652 million dollars), the Ministry of Economy reported, in its first auction of the year to be financed without the need to cover obligations through the central bank (BCRA).

The operation included the titles called ‘Ledes’, ‘Lepase’, ‘Lecer’ and ‘Boncer’, with all the cases with reopening of subscriptions.

With ‘Ledes’ bills in pesos at a discount (-SM311-) it captured 25,548 million, and another 21,669 million pesos were taken in ‘Lepase’ bills at a variable rate plus 3.2% (-S31M1-), both amortizable on 31st of upcoming March (72-day period).

With ‘Lecer’ letters adjusted for inflation (CER) at a discount (-X13S1-), 6,828 million pesos were subscribed with maturity on September 13 (238 days), and in bonds ‘Boncer’ also linked to CER plus 1.3% (-T2X2-) 1,798 million were raised as of September 20, 2022 (20 months).

The official statement added that there were 293 offers accepted, for an effective value of 56,433 million pesos.

– Exchange rate: 1 dollar = 85.66 pesos (Report by Jorge Iorio, Written by Jorge Otaola Edited by Walter Bianchi)

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