The Economy Ministry secured AR$773.71 billion in its bond auction yesterday in the second round of May, where it faced maturities for AR$ 447.8 billion. Economy Ministry sources highlighted that “70% of the bond issues were demanded by the private sector, while the remaining 30% corresponded to the public sector”. With this result, net financing so far this year is AR$ 930.56 billion — a 127% refinancing rate. In yesterday’s auction, 980 bids were received for AR$ 1.025 trillion, of which AR$ 674.31 billion were allocated, representing an effective value of AR$ 773.71 billion. Finally, there were two new issues: a CER-adjusted bill, X23N3, maturing on November 23, 2023, and a CER-adjusted bond maturing on June 18, 2025.

Source: Bueno Aires Herald May 30, 2023 22:49 UTC