In the midst of the tense negotiations with the Monetary Fund, the Government yesterday faced a commitment to pay 693 million dollars of private debt due to interest maturities on bonds that were issued in 2020, as a result of the debt swap led by the minister. of Economy Martín Guzmán.
The disbursement meant another cut in the liquid reserves of the Central Bank, which in net funds would be around 3,200 million dollars.
Interest on 17 different bonds matured yesterday. Five Bonares in dollars governed by local law, another six Globals in dollars subject to foreign courts and, the least significant in terms of amounts, six more Globals nominated in euros.
The papers ruled by foreign courts represented a disbursement of US $ 426 million in the case of securities in dollars and the equivalent of another US $ 24 million corresponding to payments in euros. The payment has already cut the Central Bank’s international reserves by US $ 344 million.
Last week the monetary authority achieved some relief when it ended up buying for more than 100 million dollars for liquidations of the field, but the list of payments does not stop and the entry of foreign currency to the official coffers is less, they say.
Meanwhile, the Ministry of Economy announced that it will carry out a new tender tomorrow, in this case for four titles in pesos, among which are short-term discount and medium-term bonds adjusted for price fluctuations.
Among the instruments that can be subscribed only by Common Investment Funds is a Liquidity Letter at a discount with an expected maturity date of January 31.
Among the instruments to be tendered that make up the Market Makers Program, the Ministry offers two Discount Bills, one maturing on April 28 and the second on May 31.
Along with these titles, a Discount Bill will be tendered, but adjusted for CER (inflation) with closing on October 21.