• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
The National Government obtained financing for $ 136 billion

The National Government obtained financing for $ 136 billion

October 6, 2020
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

October 7, 2020
Summer 2021: news about the protocols on the Argentine coast

Summer 2021: news about the protocols on the Argentine coast

October 7, 2020
Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

October 7, 2020
The unstoppable blue dollar: keeps rising and setting records

The unstoppable blue dollar: keeps rising and setting records

October 7, 2020
Industrial activity and construction fell: they are not recovering

Industrial activity and construction fell: they are not recovering

October 7, 2020
INDEC highlights the positive data from the wine industry, but …

INDEC highlights the positive data from the wine industry, but …

October 7, 2020
Alberto Fernández: “We have a future projection that we did not have before”

Alberto Fernández: “We have a future projection that we did not have before”

October 7, 2020
A Moyano returns and seeks to build in a key district of Buenos Aires

A Moyano returns and seeks to build in a key district of Buenos Aires

October 7, 2020
Vote: do you approve the change of slogan of the province of Mendoza?

Vote: do you approve the change of slogan of the province of Mendoza?

October 7, 2020
A from Mendoza unleashed the strongest reaction of Cafiero

A from Mendoza unleashed the strongest reaction of Cafiero

October 7, 2020
Health and security personnel charge the half bonus

Health and security personnel charge the half bonus

October 7, 2020
Germany and France denounce Russia for the Navalny case and ask for sanctions

Germany and France denounce Russia for the Navalny case and ask for sanctions

October 7, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, January 20, 2021
  • Login
The Koz Times
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Politics
    Summer 2021: news about the protocols on the Argentine coast

    Summer 2021: news about the protocols on the Argentine coast

    Learn about wines in four classes: how cool! Look at the agenda!

    Learn about wines in four classes: how cool! Look at the agenda!

    The beautiful lagoon at the End of the World that you should visit

    The beautiful lagoon at the End of the World that you should visit

    These six Mendoza wineries shipped 16,800 bottles of wines to the United States

    These six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Exciting video of the progress at the “El Azufre” ski center

    Exciting video of the progress at the “El Azufre” ski center

    New York: 14-day quarantine for Argentines

    New York: 14-day quarantine for Argentines

    Rat children of the gamer world, what are they and how to combat them?

    The extroverted idiot

    Having sex to get the urge with your ex, myth or reality?

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

  • Lifestyle
    • All
    • Fashion
    • Travel

    Rap group call out publication for using their image in place of ‘gang’

    Twitter tweaks video again, adding view counts for some users

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    ‘Idol’ contestant besieged by pro-Trump Twitter users because of his name

    Everyone stop everything: Beyonce just announced that she’s pregnant with twins

    Instagram is testing photo albums, because nothing is sacred anymore

    7 February games you should get excited about

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
The Koz Times
No Result
View All Result
ADVERTISEMENT
Home Business

The National Government obtained financing for $ 136 billion

by magictr
October 6, 2020
in Business
0
The National Government obtained financing for $ 136 billion
502
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

It is a bond in pesos tied to the variation of the dollar (dollar-linked), with a 13-month term. In this way, the Ministry of Economy obtained 60 percent of the funds that it will need this month to fulfill different obligations.

The National Government obtained financing for $ 136 billion

The Ministry of Economy today placed a bond in dollars

ADVERTISEMENT

The Ministry of Economy today placed a bond in pesos tied to the variation of the dollar (dollar-linked), with a 13-month term. In this way, it obtained 60 percent of the funds it will need this month to meet various obligations.

The amount in pesos is equivalent to US $ 1,766 million, which exceeded the initial offer planned by US $ 500 million and allowed to cover more than 60% of the financing needs of the Treasury for October.

The tender is part of the Treasury debt refinancing scheme in pesos, but also of the package of measures announced last week by the Government to give new coverage options to the export sector, as an incentive to accelerate the settlement of dollars and decompress the pressure on Central Bank reserves.

In this regard, the Ministry of Economy reported that the amount subscribed in today's tender reached $ 136,105 million and that they allow “planning the coverage of the nearly $ 225,000 million that expire throughout October , of which about $ 166,000 million correspond to amortization and interest payments of different market instruments ”.

The portfolio led by Martín Guzmán stressed in a statement that the offers received totaled an amount equivalent to US $ 1,768 million of nominal value, of which US $ 1,766 million were awarded, with an interest rate of 0.10% per year , for below the maximum of 0.25% established in the call for bids.

Likewise, he pointed out that the placement of this “dollar linked” bond generates “a retraction of the monetary base in the short term and an adequate management of the liquidity of the Treasury accounts based on the financial programming of the month”.

He also emphasized that with this operation “the financing options of the National Treasury are broadened, the degree of monetary assistance decreases at the same time that it seeks to collaborate in the stabilization and coordination of the expectations of the different economic agents.”

Last week, the Government announced a series of measures to encourage the entry of dollars to the country, among them the reduction of withholdings for agriculture, industry and mining, in order to alleviate the situation of the exchange market where, in the In recent weeks, the Central Bank has become almost the only supplier of foreign currency.

Since mid-June, the Central has accumulated net sales in the foreign exchange market of about US $ 3,550 million , while international reserves ended yesterday at US $ 41,172 million , almost US $ 2,000 million below the level they had three months ago and means, medium.

“We need to generate strengths, seeking to accumulate reserves . Stabilizing the economy is a process, we must go at the appropriate speed,” said Guzmán when presenting the package of measures days ago, which included the increase in reimbursements for exports with greater value aggregate and stimuli for the real estate and construction sectors.

For the director of the consulting firm Ecolatina, Lorenzo Sigaut Gravina, today's tender “is a positive sign ” since the Treasury “obtained financing in pesos for more than triple what it expected” and “although it is a title that has its risk because it is tied to the exchange rate, increases the chances that there will be net placements by the Treasury and reduces the need to issue pesos to cover the deficit. “

In that sense, he pointed out that the Central Bank needs to stop selling dollars and “stop the drain on reserves”, so “it is good that it has to issue less pesos”

“The idea of this instrument is that there is less exchange pressure, either by stopping the monetary issue or offering hedging alternatives for exporters or savers other than the MEP or CCL dollar,” said the director of Ecolatina in dialogue with Télam.

Financial analyst Christian Buteler assured that “today there are surplus pesos and instruments are lacking, so any instrument that allows hedging against the exchange rate will be well received by the market.” However, he analyzed that “the situation on the dollar will not change .”

“That says the value of the CCL that today closed above $ 152 per dollar. People continue to cover themselves by paying values that are high. But there is no other alternative due to the high level of uncertainty, ” Buteler told Télam.

At the same time, a report by the rating agency Moody's indicated that Argentina's credit risks “remain high” given the deepening of the economic crisis that began in 2018 and that “it will probably continue to affect different sectors.”

“However, we do not forecast further losses (in the value of the bonds) beyond the 35% -65% range associated with Argentina's Ca sovereign rating,” said Gersan Zurita, senior vice president of Moody's.

Source: Télam

Share Button
Share201Tweet126Share50
magictr

magictr

RelatedPosts

Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

by magictr
October 7, 2020
0

The businessman in an interview with LA NACIÓN expressed his opinion on the situation in Argentina and added that "the...

The unstoppable blue dollar: keeps rising and setting records

The unstoppable blue dollar: keeps rising and setting records

by magictr
October 7, 2020
0

The parallel price of the North American currency rose again, three pesos compared to yesterday, and closed the day at...

Industrial activity and construction fell: they are not recovering

Industrial activity and construction fell: they are not recovering

by magictr
October 7, 2020
0

Industrial activity fell 7.1% in August compared to the same month last year, and fell 0.9% compared to July 2020,...

INDEC highlights the positive data from the wine industry, but …

INDEC highlights the positive data from the wine industry, but …

by magictr
October 7, 2020
0

Faced with a scenario of a general decline in industrial activity in 2002, the latest INDEC report highlights the good...

  • Trending
  • Comments
  • Latest
Ash: This man is it a monster ? *** 1/2

Ash: This man is it a monster ? *** 1/2

July 24, 2020
The car Lynnewood leaves Amqui to Pennsylvania

The car Lynnewood leaves Amqui to Pennsylvania

July 15, 2020
Hard video: They recorded for TikTok and a 21-year-old girl ended up dead

Hard video: They recorded for TikTok and a 21-year-old girl ended up dead

October 6, 2020
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

0
Marat Safin: in our sport looks a lot smeshnovato

Marat Safin: in our sport looks a lot smeshnovato

0
The rise and care of Mary. As Sharapova completed a career

The rise and care of Mary. As Sharapova completed a career

0
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

October 7, 2020
Summer 2021: news about the protocols on the Argentine coast

Summer 2021: news about the protocols on the Argentine coast

October 7, 2020
Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

October 7, 2020
The Koz Times

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2017 JNews.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In