The Secretariat of Finance announced a new tender for national Treasury instruments for next Wednesday, November 26th. The offering includes titles in pesos at a fixed rate, adjustable by CER (inflation), dollar-linked, and the debut of a new variable-rate instrument.
According to the Argentine News Agency, the main novelty of the day will be the issuance of the new Treasury Letter TAMAR with a maturity date in April 2026. This title will yield based on the interest rate for time deposits of over one billion pesos (the average Badlar/TAMAR rate of private banks).
The menu of instruments designed by the economic team aims to capture liquidity in both the local currency and the US dollar, with maturities extending from 2026 to 2027.
Details of the instruments offered:
In Pesos at a Fixed Rate (LECAPs and BONCAPs): - Bond T13F6: Maturity 13/02/2026 (Reopening). - Letter S30A6: Maturity 30/04/2026 (Reopening). - Letter S30O6: Maturity 30/10/2026 (Reopening). - Bond T30A7: Maturity 30/04/2027 (Reopening).
In Pesos at a Variable Rate: - New Treasury Letter TAMAR: Maturity 30/04/2026. - Tendered via a margin over the reference rate.
In Pesos adjusted by CER (Inflation): - New LECER: At a discount, maturity 29/05/2026. - Bond TZXO6: Zero coupon, maturity 30/10/2026 (Reopening). - New BONCER: Zero coupon, maturity 30/04/2027.
In Dollars (Dollar Linked): - Letter D30A6: Zero coupon, maturity 30/04/2026 (Reopening). - New Bond: Zero coupon, maturity 30/11/2026.
The reception of offers will take place on Wednesday, the 26th, between 10:00 and 15:00, while the settlement of the awarded titles will take place on Friday, November 28th (T+2).
For retail investors (natural or legal persons), the non-competitive tranche allows participation for amounts of up to $50,000,000 in peso-denominated titles or USD 50,000 in dollar-denominated titles, ensuring the cut-off rate defined in the tender.
