Nicolás Dujovne took funds from ANSeS for 16 billion pesos

The government ordered the issuance of Treasury bills of up to $ 16 billion, which will be underwritten by the ANSeS.

The decision, which was taken as part of the financial programming of the year, will be formalized by a joint resolution of the Secretariats of Finance and Finance, published yesterday in the Official Journal.

According to the provision, the Letters have the date of issue on July 30 and expiry, January 28, 2019 (duration of 182 days)

The form of placement will be by direct subscription ( in one or more installments), the currency of issue and payment, the pesos and the currency of subscription, pesos "or US dollars at the reference exchange rate of the communication" A "3500 corresponding to the day Pre-Settlement Date ",

Amortization will be in full at maturity and will bear interest at a floating rate, which will be payable quarterly on October 29, 2018 and January 28, 2019.

These treasury bills will not be transferable and will not be registered on the local and international securities markets, according to the stated resolution.

With this transaction, the Treasury renews the letters that were placed in the ANSeS in January, lor the then Minister of Finance, Luis Caputo, issued Letes for $ 16,000 million on July 31st.

The currency of issue and payment shall be in pesos and the subscription in dollars or pesos "at the reference exchange rate of the communication" A 3500 corresponding to the business day preceding the settlement date."

DEPOSITS OF DEPOSITS IN DOLLARS

Deposits in dollars and They exceeded the levels previous to the monetary crisis and reached 31 104 million US dollars, after having recorded a good performance in July.

This increase corresponds to the maturity of the dollar notes, which during the month amounted to $ 1,700 million and were not renewed in their entirety, which was This translates into greater exchange rate stability and the attractiveness of peso badets whose rate still exceeds 40%. On the other hand, local currency deposits also performed well during the month, reaching $ 2.3 billion (up $ 51,502 million).