Results of LETES and LECAPS Auction

The Ministry of Treasury reports it received USD 877 million, nominal value, in offers for LETES due on 11/15/2019 and ARS 43.3 billion, nominal value, for LECAPS due on 07/31/2019.

For 217-day LETES, the Ministry sold a total of USD 700 million, nominal value, the cut-off price was of USD 973.94 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 4.50% and an Annual Effective Internal Rate of Return of 4.54%. The cut-off price offers at the Competitive Stage were distributed on a pro-rate basis by a factor of 97.2220945622667%.

For 110-day LECPAS, the Ministry sold a total of ARS 38 billion, nominal value, the cut-off price was of ARS 988.50 for every ARS 1,000, nominal value, which represents an Annual Nominal Rate of 55.02% and an Annual Effective Internal Rate of Return of 66.34%. The cut-off price offers at the Competitive Stage were distributed on a pro-rate basis by a factor of 49.0389730136856%.

The Ministry received a total of 8,840 purchase orders.