[ad_1]
The government finalized Thursday the successful placement of two bonds in pesos, with a simultaneous bid on local and international markets and maturing in the years 2023 and 2030. On this occasion, a bonus of 10% was granted to foreign investors
The instruments placed were the obligation in pesos maturing in 2023 (BTP-2023) and the obligation in pesos maturing in 2030 (BTP-2030), for respectively 440 000 and $ 610,000 million.
The award criteria were 4.12% for BTP-2023, or 10 basis points above the interpolated rate based on the reference 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.
The exchange rates of the BTP-2023 and BTP-2030 bonds were respectively 8% and 11% of the total investments. This transaction completes the debt plan announced for the year 2018 through the Central Bank's Open Market Operations System (SOMA).
The allocation was carried out through a process of building additional books. or book building, similar to processes conducted in January and June 2017, with a book of orders to which local and international investors could participate simultaneously, in accordance with Rule 144A ("Rule 144A") and Rule S ("Rule S"). "), issued under the United States Securities Market Act of 1933
The portion allocated to foreign investors will be maintained initially in the account of Euroclear Bank SA / NV in the central securities depository, and may be traded on the said platform. On this occasion, the coordinating banks of the operation were HSBC Securities Inc; Itau BBA Securities Inc. and Scotia Capital Inc.
[ad_2]
Source link
