In the process of the government's financial plan, the Ministry of Finance concluded a new tender of bills of makam (dollars) in dollars At an interest rate of 4.75%, portfolio managed by Nicholas Dojovne was awarded a total of $ 850 million, equivalent to 77% of the expiration of $ 1,100 million this week.
One of the main pillars of Kambimos' financial plan is to obtain 60% refinancing of Letes until the end of the agreement stand up Of $ 57.1 million. In the vision of the government's economic wing, Gaining this "roll" over the figure of 60% provides a margin of error Which will allow the use of these funds to finance certain future commitments.
The letters that will be submitted today will expire in June 2019, when it is expected that the government's financial front will be safer than the current one.
Together with a Excessive compliance with fiscal targets, the Cinda understand that the pressure of the payments of the agreement from 2020 will be calm. With payments of 7.6 million dollars expected over the next few days and holding refinancing over 60%, the Ministry of Finance would avoid going out to seek new financing in the markets of the remainder of Mauricio Macri's first term.
God The following government tests on Letes are the redemptions that fall in January and February next year, equivalent to $ 2,000 million and $ 2,200 million respectively.