The Treasury will make dollar bids with a rate of at least 3.65%

The Ministry of Finance has announced that next week it will auction 182-day US Dollar bills with a maturity date of January 25, 2019 (reopening), with a rate of return. at least 3.65%. In addition, he has modified a restriction that will give him more freedom to set the cut rate.

The offer adds to a set of loans whose portfolio headed by Nicolás Dujovne seeks to collaborate with the BCRA in its intention to dry the peso to contain the dollar's advance.

The receipt of tenders will begin at 10 am on Tuesday, end at 3 pm on Wednesday and will be conducted in accordance with the procedures approved by Resolution of the Ministry of Finance No. 162-E / 2017.

there will be no limitation as to the amount to be allocated to the non-competitive tranche

The auction will be conducted by means of a price indication, in which there will be a competitive stretch and a non-competitive stretch. On this occasion, a maximum price will be set for the Letes, leaving aside the restriction of allocation in the uncompetitive portion of a maximum amount of 100% of the amount awarded in the competitive tranche.

To participate in the competitive tranche, the subscription price expressed for each nominal value of US $ 1,000 must be indicated with two decimal places, while for the non-competitive tranche only the amount to be subscribed must be indicated. 19659002]

The maximum price of 182-day Treasury bills will be US $ 982.13 per US $ 1,000, which corresponds to a nominal annual rate of 3.65%.

The subscription may be made both in pesos and in dollars and the rate of exchange for the subscription is that corresponding to the "A" communication 3500 of Tuesday, July 24, 2018.

Natural or legal persons interested may participate in these transactions, which must address their interest events in a timely manner through the liquidation and indemnification agents (full and clean) and bargaining agents registered with the CNV.

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