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The government successfully completed the placement of two bonds in pesos, with a simultaneous bid on the local and international markets and maturing in the years 2023 and 2030. On this occasion, a 10% allocation was granted to foreign investors.
Instruments placed were bond denominated in pesos maturing in 2023 (BTP-2023) and bond denominated in pesos maturing in 2030 (BTP-2030), for respectively 440,000 and $ 610,000 million.
the allocation was 4.12% for BTP-2023, or 10 basis points above the interpolated rate based on the benchmark curve and yesterday's secondary market transactions. For the BTP-2030 loan, the allocation rate was 4.85%, or 10 basis points above the interpolated rate on the basis of the reference curve and secondary market transactions. from yesterday.
BTP-2023 and BTP-2030 foreign exchange transactions represented 8% and 11% respectively of the total set up.
This transaction complements the debt plan announced for 2018 through the Central Bank Open Market Operations System (SOMA).
The adjudication was carried out through an additional book building process (OTC) or book building, similar to the processes conducted in January and June 2017, with a book of orders in which could participate in both local and international investors, in accordance with rules 144A ("Rule 144A") and S ("Regulation S"), issued under the United States Securities Market Act of 1933 d & # 39; America.
The portion allocated to foreign investors will initially be held in the account of Euroclear Bank S.A./N.V. central securities deposit, and may be traded on said platform.
On this occasion, the coordinating banks of the operation were HSBC Securities Inc; Itau BBA Securities Inc. and Scotia Capital Inc.
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