Post by account_disabled on Feb 19, 2024 22:02:47 GMT -6
After a successful bidding last week, the Central Bank published this Monday the last call of the month for the placement of Series 1 of the Bond for the Reconstruction of a Free Argentina (Bopreal), which will be this Tuesday and Wednesday. The organization intends to complete the donkeyigned quota of US$ 5,000 million for this first phase of the bond with which it intends to cancel the debt contracted with the importing sector in the previous administration. After a bad start, in the first four tenders of the month, the organization chaired by Santiago Bausili has already placed US$4,096 million , so only in this latest version.
US$904 million remain to be placed and in the market there is expectation because that quota can finally be placed. This is the latest placement of Asia Mobile Number List this instrument "with sweeteners" for the importing sector. On the one hand, this first series will accrue interest in dollars at 5% annually. On the other hand, subscriptions made until January 31, 2024 have other additional benefits: they do not pay the PAIS Tax and, starting Thursday the 1st, it enables an additional 5% access to the MLC as long as the subscription represents at least 50% of your total debt.
Implicitly, the agency does not rule out new tenders for this Series 1, although this week's will be the last with this type of extra attractiveness. The bidding dates for Series 2 and 3 of this instrument have not yet been reported, which would be communicated starting next week. In the city there is expectation for this new location . If the Central met this planned quota this week. To this would be added that the import debt was finally lower than what had been estimated since small and medium-sized companies will begin to have access to the market from next February 10, to become one of the few "good news" The economic team has to show signs after Javier Milei's setback in Congress. «The Bopreal 2027 was priced at US$67 in the secondary market, which gives a starting dollar close to $1,250, almost equal to the CCL ($1,231). We hope that participation remains high, so the BCRA's objective of placing US$ 5 billion in this instrument seems feasible," said Fernando Marull, from FM y Asociados.
US$904 million remain to be placed and in the market there is expectation because that quota can finally be placed. This is the latest placement of Asia Mobile Number List this instrument "with sweeteners" for the importing sector. On the one hand, this first series will accrue interest in dollars at 5% annually. On the other hand, subscriptions made until January 31, 2024 have other additional benefits: they do not pay the PAIS Tax and, starting Thursday the 1st, it enables an additional 5% access to the MLC as long as the subscription represents at least 50% of your total debt.
Implicitly, the agency does not rule out new tenders for this Series 1, although this week's will be the last with this type of extra attractiveness. The bidding dates for Series 2 and 3 of this instrument have not yet been reported, which would be communicated starting next week. In the city there is expectation for this new location . If the Central met this planned quota this week. To this would be added that the import debt was finally lower than what had been estimated since small and medium-sized companies will begin to have access to the market from next February 10, to become one of the few "good news" The economic team has to show signs after Javier Milei's setback in Congress. «The Bopreal 2027 was priced at US$67 in the secondary market, which gives a starting dollar close to $1,250, almost equal to the CCL ($1,231). We hope that participation remains high, so the BCRA's objective of placing US$ 5 billion in this instrument seems feasible," said Fernando Marull, from FM y Asociados.