The Finance Secretariat reported a new instrument tender National Treasury. Basically, they are putting into play a series of letters and bonds, both in pesos and dollars.
The tender starts on Thursday, April 24, 2025, from 10 in the morning until 3 in the afternoon, and everything is settled on Monday 28. So if you feel like putting some pesos, you already know when you have to move.
As for the papers they are offering in pesos, you have:
Letter of the National Treasury capitalizable in pesos with expiration August 15, 2025 (S15G5 – reopening);
• Capitalizable National Treasury letter in pesos with expiration September 12, 2025 (S12S5 – reopening);
• National Treasury bonus capitalizable in pesos with expiration October 17, 2025 (T17O5 – reopening);
• National Treasury bonus at zero coupon with adjustment per hill October 31, 2025 (Tzxo5 – reopening);
• National Treasury Bonus capitalizable in pesos with expiration January 30, 2026 (T30E6 – reopening);
• National Treasury Bonus capitalizable in pesos with expiration January 15, 2027 (T15E7 – Reopening);
• National Treasury Bonus at zero coupon with adjustment per expiration March 31, 2027 (Tzxm7 – Reopening).
For those who handle dollars, there is a letter that is paid in January 2026, tied to the official dollar, without interest (that is, zero coupon).
-The tender will be “At open price”, So there is no minimum price or a stop. It is divided into two groups:
1. The quiet section, for people who are not fully involved in the subject, where up to 50 million pesos or 50 thousand dollars can be offered.
2. And the competitive section, where the big players put the money they want, but they have to say how much they pay for every thousand pesos or a thousand dollars, with precision of two decimals.
Offers have to be done through registered agents, whether compensation or negotiation. He doesn’t go on his own.
All this is part of the plan of the Ministry of Economy to get tenders of letters every fifteen days, with fixed rates. It is his way of driving the debt and trying to make the money stay in the local circuit.
