Ministry of Finance auctions short-term TES for $375,000 million

The Ministry of Finance and Public Credit announced that it placed $375,000 million in the Colombian public securities market in Short Term Treasury Securities (TCO), for the reference denominated in pesos with maturity on December 5, 2023.

(See: Colombia, third in exports in the region in 2022, Cepal).

According to the Treasury, purchase orders were received for $649,000 million in nominal value, which is equivalent to 2.6 times the amount offered.

“The cut-off interest rate was 13.050% for the one-year reference. The lawsuit received activated the over-award clauses, which allowed the approval of $375,000 million, in line with the provisions of Resolution 3609 of December 30, 2022 of the Ministry of Finance and Public Credit.”, indicated the entity through a statement.

(See: Inflation, among challenges of the Latino governments of the ‘pink wave’).

Last week the portfolio auctioned $375,000 million in Treasury Securities denominated in Real Value Units (UVR) in references with a maturity of 6 (2029), 14 (2037) and 26 years (2049), for which purchase offers for $1.12 billion.

(See: Inflation continues to beat measures to contain it: what is happening).

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