Tomorrow there will be a second round for US$100 million. Buenos Aires, March 12 (NA) – The national government will close this Thursday a new tender of titles in pesos and dollars in the local market to refinance maturities and raise cash to pay private creditors in July. The Secretariat of Finance, now led by Federico Furiase, is bidding on instruments to face obligations for 9.4 trillion pesos. Initially, the maturities were for 10.3 trillion pesos, but after the exchange between the Central Bank and the National Treasury carried out in recent days, the total amount was reduced. The market is awaiting the results to define the strategy of the Ministry of Economy in a challenging international context, but more manageable on the internal front. AO27 for US$250 million will also be offered, which will be used to pay the US$4500 million commitment for mid-year. Here it will be observed what rate the Government will pay and the level of bids. The results will be known after 5:00 PM today.
Argentina's Government to Hold Debt Refinancing Auction
Argentina's national government will hold a new auction in the local market to refinance maturities and raise cash for private creditor payments. The market awaits results to define the Ministry of Economy's strategy.