The government got more funding from the treasury than expected

The government received good economic news today. After two bad debt offers, the National Treasury today obtained $ 123,158 million and accumulates net funding of $ 74,390 million so far in April. This money he received from the market allows him to print fewer pesos and therefore not put more pressure on prices and the exchange rate differential.

In today’s tender, 606 bids were received, for a total of $ 124,129 million VNO, representing an effective value of $ 123,158 million. The menu of proposed instruments consisted of six instruments maturing 2021 and 2022. The letters (LEDE and LEPASE) maturing July 30 and September 30 of this year have been reopened. In turn, there was the reopening of the CER adjustable discount bill maturing in April 2022 and the National Peso Treasury Bond at a fixed rate maturing in May 2022.

Martín Guzmán returns from Europe, after a tour described as “positive”

As reported by the Ministry of the Economy, in this way, “continuity is ensured policy of expansion and diversification of funding in pesos from the National Treasury ”.

In the last two tenders, the government had failed to convince insurers, mutual funds, banks and other investors to take charge of its debt problems. At the end of March, the first failed tender took place, forcing the Central Bank to transfer $ 65,000 million in temporary advances to the Treasury. In the last call for tenders last week, the executive managed to convince the market to lend it $ 37,380 million.

However, he has now changed his rates and obtained more financing than expected, far exceeding Martín Guzmán’s target. The next call for tenders of the month will take place on Wednesday April 28.