Argentina places debt in the local market for 3,328.5 million dollars

Buenos Aires, 15 Mar Argentina placed on the domestic market bills and treasury bonds in Argentine currency with a total cash value of 381,115 million pesos (about 3,328.5 million dollars) on the domestic market, official sources reported. According to the Argentine Ministry of Economy in a statement, in Wednesday's operation Treasury Liquidity bills were issued with maturity on the 31st and an annual nominal rate of 36% for 10.383 million pesos (90.7 million dollars). In addition, Treasury bills were issued due in June with a nominal annual rate of 46.05 per cent for 25,321 million pesos (221.1 million dollars), others due in July and a return of 47.29 per cent per year of 18,245 million pesos (159.3 million dollars) and a third series due in August and a rate of 48.27 per cent, by 8,067 million pesos (70.4 million dollars). In Wednesday's operation, two series of Treasury bills with inflation-tied yields were also tendered: one due next December, for 161,619 million pesos (1,411.5 million dollars), and another due in February 2023, for 110,621 million pesos (966.1 million dollars). Meanwhile, three sets of Treasury bonds were also placed, also with inflation-tied yields: 35,697 million pesos ($311.7 million) in bonds maturing in August 2023; 8,014 million pesos ($70 million) in securities due in July 2024; and 3,148 million pesos (27.5 million dollars) in securities due in July 2024; bonds as of November 2026. This Wednesday was the first of three tenders scheduled by the Ministry of Economy for March, in continuity with the strategy of using the domestic market launched in 2020. The objective of these tenders is to obtain financing to meet the successive debt maturities of the Treasury and, in addition, to capture the liquidity of Argentine pesos and thus decompress investors' demand for the purchase of dollars for hedging purposes. CHIEF nk/dmt