The Economy Ministry secured AR$ 873.1 billion yesterday in the second and last bond auction of the month. It also gained an extra AR$ 9.2 billion with today’s second round of the bid —meaning that it not only could pay for its AR$ 740 billion maturities but also got extra funding for future debt payments. Over the course of June, the Treasury achieved positive net financing of AR$584.8 billion, a refinancing rate of 150%. Yesterday, 1,142 bids were received, representing a nominal value of AR$1.1 trillion, of which AR$ 813.80 million were awarded — an effective value of AR$ 873.1 billion. Through a press release, the Ministry of Economy highlighted that 43% of the financing obtained corresponded to instruments maturing in 2023.

Source: Bueno Aires Herald June 29, 2023 21:51 UTC