The Ministry of Finance awarded a total of $5.204 trillion in the debt auction today, after receiving bids totaling $5.724 trillion. In parallel, in the conversion auction, an effective value equivalent to $0.468 trillion was awarded, representing a participation of 6.78%. The news was confirmed by the Secretary of Finance, Pablo Quirno.
According to the report, these results allow the Ministry of Economy to cover approximately 79% of the maturities it must face this week. Most of the awarded amount, almost half, corresponded to a short-term fixed rate note (Lecap) maturing in March.
Regarding the effective monthly rate (TEM) validated for this instrument, it was set at 2.53%, thus exceeding the expected inflation for the first quarter.
---
"The figures obtained in the auctions represent significant support for our financial policies and the confidence in our economy," emphasized the Secretary of Finance, consolidating the public debt management strategy of the country.
