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  4. Results of LETES Auction

Results of LETES Auction

The Ministry of Treasury reports it received USD 1 billion, nominal value, in offers for LETES due on 11/29/2019.

For the total offered, the Ministry sold USD 750 million, nominal value, the cut-off price was of USD 968.50 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 5.47% and an Annual Effective Internal Rate of Return of 5.53%. The cut-off price offers at the Competitive Stage were distributed on a pro-rate basis by a factor of 68.1754450947926%.

The Ministry received a total of 5,074 purchase orders.

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