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Begins the first Letes tender of the year in which only dollars will be accepted

This is the first placement of the year and is done with the new system.

Politics and Economics
letes

This is the first placement of the year and is done with the new system by which, bills in dollars must be purchased with that currency, and not with pesos, at the official exchange rate quoted the previous day in the wholesale market, as it was operated until December.

In the current tender, the Treasury bills in dollars will have a maximum tender price, leaving no effect the restriction of awarding in the non-competitive tranche a maximum amount of 100% of that awarded in the competitive tranche. Instead, it was established that the tenders submitted in the non-competitive tranche will be limited to an amount of maximum of $50,000.

In order to participate in the competitive tranche, prices must be expressed for each US$ 1,000 of original nominal value with two decimal places.
The maximum price for Treasury bills in US dollars will be US$972.54 for every US$1,000 face value, which is equivalent to an annual nominal rate of 4.75%.

Source: Télam

Publication Date: 07/01/2019

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