Argentina issues $284.2 million worth of Treasury notes

Argentina’s government issued 17 billion pesos ($284.2 million) in local currency-denominated Treasury Bills on Tuesday. About 10 billion pesos in 50-day notes known as “Letes” were issued at an interest rate of 40.59%, while about 7 billion pesos-worth of 140-day “Letes” had a rate of 41.30%. About 292 purchase orders were received by the government for a total of 46.624 billion pesos ($779.4 million). Also on Tuesday the Ministry of Economy ordered the expansion of $ 3.24 billion of the issuance of Letes in dollars to meet debt maturities.

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Source: BA Negocios

Categories: Macroeconomy/Finance