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  4. Results of LETES Auction

Results of LETES Auction

The Ministry of Treasury reports it received USD 1.1 billion, nominal value, in offers for LETES due on September 27, 2019 and USD 479 million, nominal value, in offers for LETES due on January 17, 2020.

For 217-day Letes, the Ministry sold USD 300 million, nominal value, the cut-off price was of USD 960.00 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 7.01% and an Annual Effective Internal Rate of Return of 7.11%. The cut-off price offers were distributed on a pro-rate basis by a factor of 54.29173023717%.

The Ministry received a total of 7,255 purchase orders.

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