BUENOS AIRES: Argentina auctioned four tranches of government-backed bonds worth a total of $2.6 billion that were denominated in the local peso currency or US dollars, the Treasury Ministry said at the close of markets on Tuesday.
The government sold $623 million in bills known as Letes, which will mature on Oct. 25 and carry an annual rate of 4.0pc. Another $277 million sold in Letes will mature in February of 2020, with an annual rate of 7.19pc, the government said.
The government also sold 43.5 billion pesos ($1.02 billion) in bonds known as Lecaps, which will mature on Oct. 11, with a rate of 57.99pc.
Another round of Lecaps, worth 30.6 million pesos ($717 million), will mature in May of 2020, with an annual rate of 61.13pc.
The government said another round of Lecap bonds will be up for auction on Wednesday.
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