The Ministry of Finance announces that in today’s tender a total cash value of $8.4 billion was awarded, having received offers for a total cash value of $15.1 billion.
The proceeds from this tender, above the maturities of $5.7 billion, will be used to purchase the dollars necessary to pay the next debt maturities in foreign currency during the month of July.
The tender is summarized below:
| Results of the Tender for instruments denominated in pesos | Result of the Tender for Instruments Denominated in US Dollars | TOTAL (The NAV of instruments denominated in USD are expressed in pesos at the “T-1” exchange rate of Com. “A” 3500) |
|---|---|---|
| Number of Offers Received | 4.381 | 306 | 4,687 |
| Total VNO Offered | $13,855,034 | |
| USD 1,167 | $14,916,228 | Total VNO Awarded | |
| $8,205,751 | US$221 | $8,406,682 | Total Awarded Cash Value |
$8,205,751
$229,720 | $8,435,471
| Amounts expressed in millions. | Below, the nominal values offered and awarded are summarized by instrument with their respective effective values awarded, prices and cut-off rates, associated TNA and new VNOs in circulation: | Instruments tendered denominated in pesos: | Instruments denominated in pesos | Offered VNO | ||
|---|---|---|---|---|---|---|
| Awarded VNO | Awarded Cash Value | Cutting Price for each VNO $ 1,000 / TEM cut | TNA | Total VNO in Circulation | ||
| NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS WITH MATURITY ON JULY 26, 2024 (S26L4 – reopening) | $1,282,546 | deserted | deserted | deserted | deserted | |
| $2,000,000 | NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS WITH MATURITY AUGUST 30, 2024 (S30G4 – reopening) | $722,571 | deserted | deserted | deserted | deserted |
| $2,000,000 | NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS WITH MATURITY SEPTEMBER 30, 2024 (S30S4 – new) | $ 9,577,966 | $6,000,000 | $6,000,000 | 4.25% (**) | 53.16% |
$6,000,000
NATIONAL TREASURY BILL CAPITALIZABLE IN PESOS WITH MATURITY DECEMBER 13, 2024 (S13D4 – new)
$2,271,951
$2,205,751
| $2,205,751 | 4.50% (**) | 59.63% | $2,205,751 | Amounts expressed in millions. | (**) Represents the effective monthly compoundable rate. | |
|---|---|---|---|---|---|---|
| (***) For LECAP S30S4, a proration factor of 62.5347258458882% was applied to the total offers received at the cut-off rate. | Tendered instrument denominated in US dollars: | Dollar-denominated instruments | Offered VNO | Awarded VNO |
Awarded Cash Value
Cut Price for each VNO USD 1,000TNATotal VNO in CirculationNATIONAL TREASURY BOND LINKED TO THE US DOLLAR ZERO COUPON EXPIRING DECEMBER 15, 2025 (TZVD5 – reopening)USD 1,167USD 221$229,720 (**)USD 1,143.28-8.61%USD 221Amounts expressed in millions.(**) Amounts expressed in millions of Pesos at the Reference Exchange Rate of June 25, 2024 of Communication “A” 3,500 published by the BCRA (Pesos / USD 909.6667).
