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  4. Results of LETES and LECAPS Auction

Results of LETES and LECAPS Auction

The Ministry of Treasury reports it received USD 1.1 billion, nominal value, in offers for LETES due on July 19, 2019 and ARS 32.9 billion, nominal value, for LECAPS due on June 28, 2019.

For LETES, the Ministry sold a total of USD 988 million, nominal value, the cut-off price was of USD 992.38 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 4.00%.

For LECPAS, the Ministry sold a total of ARS 31.1 billion, nominal value, the cut-off price was of ARS 1,139.00 for every ARS 1,000, nominal value, which represents an Annual Nominal Rate of 59.43%. The total amount issued of these instruments, including the amount sold at this auction, is ARS 69.9 billion.

The Ministry received a total of 12,396 purchase orders.

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