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The opposition points to the suspicious purchase of bonds before Massa's announcement: "It seems diagrammed and some could have benefited"

2023-01-20T16:32:34.136Z


Senator Juan Carlos Romero demanded from the Government the names of those who benefited from the purchase of bonds. In Deputies they ask for the summons of the Minister of Economy.


The repurchase of debt securities for US$ 1,000 million that Sergio Massa announced this week, in the midst of the escalation of the blue dollar, opened a layer of suspicion about the actions of the Minister of Economy that led the opposition to claim in Congress that inform

who acquired and benefited from the purchase of those bonds

.

In a context of constant political turmoil, with government pressure on the Supreme Court and piqueteros coming out to control the price agreements with Truckers, Massa announced the repurchase of bonds for US$1 billion, with an open menu pointing to to titles, in pesos and in dollars, of shorter term.

But what caught the attention of the opposition deputies and senators was that the Tigrense man recorded the message with the announcement on Tuesday the 17th, in the afternoon, but the measure was only released on Wednesday morning before the market opened.

For the senator from Salta, Juan Carlos Romero,

"it seems like an operation planned in advance and from which some sectors could have learned of the announcement and benefited

." For this reason, the dissident Peronist presented a project through which he demands that the Government explain the grounds for the debt repurchase announced by the head of the Palacio de Hacienda.

Specifically, in his presentation, Romero asks: "What were the reasons for announcing, in advance, that the State would go out to buy back debt in dollars for 1 billion dollars (at market value), a decision communicated in advance through a tweet and prior to the reopening of the market?

And there, the legislator and former governor asks if the decision to bring forward the announcement of the repurchase of the debt was not the trigger for the bonds to

rise more than 11%

in the round that the measure was formalized.

For the opposition, the minister's move arouses at least suspicion, since the titles are bought at 35 dollars when they could have been acquired earlier at 20, without mentioning that the Government received a recommendation to repurchase those titles last year when their price was minor.

But Romero is not the only one who wants to know who acquired and benefited from the purchase of bonds, since a group of deputies from Together for Change, headed by

Fernando Iglesias

, presented a draft resolution requesting

the summons of Sergio Massa

so that explain the measure given the suspicion that there was access to privileged information.

In the proposal, the representatives of the opposition pointed out that one day before the announcement there was a jump in the price of global titles 29 and 30 to which the measure is aimed.

For this reason, in the first point of the project, they ask the minister to explain the reasons for the repurchase of Argentine securities that

expire in seven years at a time of maximum scarcity of the Central Bank's reserves

and restrictions on the purchase of dollars. to use in the purchase of inputs.

In addition, from Juntos they demanded that the Government provide details on the mechanism by which the operation will be carried out and, fundamentally,

how this debt capture will be financed

.

In the case of the deputies, they demand that the Government explain

why a purchase announcement was made instead of moving directly with the measure

.

It is also requested that he inform if other members of the cabinet were aware of the operation beforehand.

Obviously, the legislators want to know if there was any type of communication to financial operators that could have accelerated the purchase of those titles.

In the presentation of the project, Iglesias left an ironic message to the ruling party, by inviting the deputies of the Frente de Todos who

are against the financial homeland

to join .


Data that attracts attention after Sergio Massa's announcement

Faced with the questioning of the opposition due to some suspicions that the announcement of the Minister of Economy generated, data appears that at least attracts attention.

In principle, the shortest-term global bonds

had a record volume of operations one day before Sergio Massa announced the repurchase of Argentina's foreign debt

for US$1 billion.

"It seems that Massa's recorded message did not take the market so by surprise and there are suspicions about some leak of this initiative, which aroused the demand for these bonds," an operator told Clarín, at the time, in a strict offline.

From the beginning, the Ministry of Economy made an effort to reject any speculation of a possible leak of information that would encourage the purchase of these titles, which had an increase of 6% in dollars.

Faced with this, the Government linked the increase to an operation of the ANSeS Sustainability Guarantee Fund (FGS) with the intention of aborting a possible bullfight.

But after the announcement was made, both bonds 29 and 30 closed that round with increases of more than 6%.

However, what most caught the attention of the operators was that the global title 30 moved US$148,647,530 the day before the announcement, being the highest figure since the bond was issued.

Even from last October to date, operations had been around between

US$13 million and $103 million

.

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Source: clarin

All news articles on 2023-01-20

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