As the market closely follows the confirmation of a new debt-to-peso swap, a new trading day kicks off this Tuesday with an eye on the blue dollar, which earlier in the week it lost three pesos and closed at $372 in sales.
New in development
Debt swap: the list of all bonds that enter into transactions with banks
The Ministry of Economy formalized this afternoon the request for debt conversion into pesos maturing in the second quarter of 2023 for two baskets of bonds, one that includes exclusively inflation-adjusted securities (CERs) and another with a combination of the 70% CER adjusted and 30% dual -inflation or exchange rate adjusted- bonds, maturing in 2024 and 2025.
In total, the exchange will involve securities worth around seven trillion pesos divided equally between public organizations and private entities, mainly banks, although there are also other institutional investors such as investment funds and insurance companies, according to sources at the Palacio de Hacienda. . The opening of the tender will be Thursday 9 March and the operation will close on Monday 13. To know more.
At the start of the week, the blue dollar closed at $372
Foreign currency in the parallel market fell three pesos earlier in the week and closed at $372 in the sale.
Meanwhile, the official was up another $0.25 towards the end of Monday’s session and finished with a $206.25 sell and $198.25 buy price on Banco Nación’s blackboard, $0 .75 more than the previous closure.
Source: Clarin
