The Secretariat, under the Ministry of Economy, was awarded a total of 9.02 trillion pesos (a 123.39% rollover) after receiving offers for 11.51 trillion pesos. According to what was learned by the Argentine News Agency, letters and bonds adjustable by CER will be offered, including a new LECER maturing on May 15, 2026, and reopenings maturing on July 31 and November 30, 2026, as well as zero-coupon bonds maturing in June 2027 and June 2028. In the dollar-linked segment, two zero-coupon bonds maturing on June 30, 2027, and June 30, 2028, will be auctioned, which will be subscribed in pesos at the reference exchange rate of Central Bank (BCRA) Communication "A" 3500 on the business day prior to the auction. In turn, the Secretariat of Finance announced a new dollar-denominated bond called AL27, which will have a 6% annual coupon rate and will pay interest monthly. Buenos Aires, Feb 24 (NA) -- The Secretariat of Finance will seek funds to refinance maturities for approximately 7.2 trillion pesos this Wednesday, with a focus on absorbing the pesos to be renewed and with the issuance of a new dollar bond to capture up to US$2,000 million. This is the second and last auction of February. The next day, a second round, expandable by US$100 million at the same cut-off price, will be held. The dollars captured will be used to pay the July maturity of US$4,500 million. From a financial management point of view, the issuance of this bond will allow the BCRA to issue fewer pesos to buy dollars and rebuild reserves. Why Caputo is going to the domestic market for dollars to pay debt. This also means that it will not need to sterilize those pesos, an action that the National Treasury has been doing in recent weeks by taking more pesos than it needed in the auctions. Instruments to be auctioned in pesos: Treasury bill in pesos, adjustable by CER at a discount, maturing on May 15, 2026 (new). Treasury bill in pesos, adjustable by CER at a discount, maturing on July 31, 2026 (X31L6 - reopening). Treasury bill in pesos, adjustable by CER at a discount, maturing on November 30, 2026 (X30N6 - reopening). Treasury bond in pesos, zero-coupon, adjustable by CER, maturing on June 30, 2027 (TZX27 – reopening). Treasury bond in pesos, zero-coupon, adjustable by CER, maturing on June 30, 2028 (TZX28 – reopening). Instruments to be auctioned in dollars: Treasury bond in dollars, zero-coupon, maturing on June 30, 2027 (new). Treasury bond in dollars, zero-coupon, maturing on June 30, 2028 (new). Treasury bond in dollars, 6% coupon, maturing on October 29, 2027 (BONAR 2027 - new). The auctions for this bond will be held jointly with those in pesos, respecting the calendar already set by the Secretariat of Finance. In that call, US$150 million will be auctioned where interested parties will offer the price of the bond. The maturity will be in October 2027, coinciding with the presidential elections to be held that year. The bond can only be subscribed in dollars and will be governed by Argentine law. This instrument will contemplate, exclusively, subscription in dollars. The reception of offers will begin at 10 and end at 15 next Wednesday, February 25, while the settlement of the offers received and awarded will be made on Friday, 27 of the same month.
