Letes: the Treasury renewed less than 50% of the maturities and paid a rate of 7%

For Letes, which expired on November 29, 2019, a transfer price of $ 980.26 was established for each $ 1,000 face value, representing a nominal annual rate of 7%, The portfolio said in a statement. They beat a total of $ 950 million.

The ministry stated that the total of the proposals was $ 410 million.

"This is a small percentage of renewal, but since today we talked about huge rates, I think it's best not to validate any of these." higher yields ", said Christian Buteler, badyst.

On the secondary market, these letters applied superlative rates between 20% and 30%, after Monday's financial shock.