Ministry of Finance bids two letters in Argentine pesos that can be adjusted to inflation

The Government is today placing new debt to meet maturities of more than 130 billion pesos ($ 2.1 bn) that operate between late March and early April. It offers a 90-day discount letter with a yield of approximately 39.5% and another note adjustable by the Reference Stabilization Coefficient (RSC) with an additional return of 2% at an eight-month term. The Government offers holders of the Dual Bond a redemption combo whereby they can make 75% with the CER and 25% with the discount letter.

Source: Ámbito