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  4. Results of LETES Auction

Results of LETES Auction

The Ministry of Treasury reports it received USD 703 million, nominal value, in offers for LETES due on July 26, 2019 and USD 368 million, nominal value, in offers for LETES due on December 20, 2019.

For 63-day Letes, the Ministry sold USD 600 million, nominal value, the cut-off price was of USD 993.14 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 4.00% and an Annual Effective Internal Rate of Return of 4.07%. The cut-off price offers were distributed on a pro-rate basis by a factor of 67.9188512425703%. The total amount issued of these instruments, including the amount sold at this auction, is USD 1.3 billion.

For 210-day Letes, the Ministry sold USD 300 million, nominal value, the cut-off price was of USD 965.48 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 6.21% and an Annual Effective Internal Rate of Return of 6.30%. The cut-off price offers were distributed on a pro-rate basis by a factor of 73.2103761389198%.

The Ministry received a total of 7,719 purchase orders.

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