In seeking financing, the Government took 86 billion pesos from ANSeS

The government is making official emissions this Wednesday Treasury bills up to 86 billion pesos, one year period, which will be subscribed directly to the National Social Security Administration (QUESTION)

The decision was made based on a joint resolution from the Finance and Finance Secretariat, which was published on Wednesday in Jakarta Official Bulletin.

"Within the framework of financial programming for this year, a decision has been taken with the authority of the National Social Security Administration (ANSeS), a decentralized agent at the Ministry of Health and Social Development, to subscribe Treasury bills in pesos", according to the official text.

These letters have the issuance date of December 26, 2018 and the due date, December 26, 2019 (one year period); that Currency issues and payments are weights and subscription, peso or dollar, Communication "A" 3500 reference exchange rates issued by the Central Bank on the business day before the settlement date is used for conversion.

The form of placement is to subscribe directly, the full amortization at maturity and will increase Interest at the Variable Level, paid every three months on March 27, June 26, September 25 and December 26, 2019.

The Variable Level "will be equivalent to the simple arithmetic average of the annual nominal rate (TNA) of Capitalized Treasury Bill in the peso or replacing it in the future, based on the closing price issued by Mercado Abierto Electrónico (MAE) in the summary of operations of the Daily Bulletin, for the period closest to 90 days, which may not be less than sixty 60 days or more than 120 days ", according to the joint resolution.

Finally, the Treasury Bill will not transferable and they will not have quotes on local and international stock markets.