Sergio Massa is speeding up conversations with the private sector and aims to create an instrument to clear the financial horizon.
Markets
Early frosts could further complicate soybean and corn seasons
AR$294 billion matured yesterday, and the private rollover is calculated to be somewhere around 85%.
Most of the debt that matures this week is held by the private sector
Argentina’s sovereign bonds and stocks ended January with very good results. This upward rally was backed by investors taking positions in the face of attractive values and succulent returns in a month when the government announced an external debt buyback for US$1 billion, but when inflation is still …
Central Bank announces financial institutions are now able to take guaranteed loans
The Central Bank has once again enabled banks to place peso investments in Mutual Funds, after a surprise rate hike that aimed to contain dollar prices sparked controversy this week. This way, the BCRA gave a hand to banks, as interest rates were outdated and they were starting …
Debt buyback: Prosecutor requested to subpoena CNV head, lift stock market secrecy
Prosecutor Ramiro González today asked judge María Eugenia Capuchetti to order the lifting of sovereign bond purchasers’ stock market secrecy, amid the investigation of possible leaks of information regarding the debt buyback announced last week. The measure will reach individuals and stock brokers who bought bonds that are …
The Central Bank raised the one-day repo rate for mutual funds on Monday, in another attempt to contain the escalation of the parallel exchange rates. According to the Central Bank B12465 resolution, the repo rates for mutual funds will now be 95% of the repo rates for banks, …
The Economy Ministry refinanced its maturities for the first three months of 2023 from AR$4.3 trillion to AR$1.41 trillion in what it considered a “successful” debt swap. The swap, which was offered on December 29 and due Tuesday, had an adherence of 67.2%. The Finance Department highlighted the …