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- Financing Instruments
- Domestic Market
- Outstanding Treasury Notes
- Nominal Wage-Linked
Nominal Wage-Linked
(denominated in UP)
|
Series |
Type of Rate |
Coupon Rate (in %) |
Issue Date |
Maturity Date |
Outstanding (in original currency) |
|---|---|---|---|---|---|
| 1 | Fixed | 1.50 | 07/25/2018 | 07/25/2025(*) | 3,182,897,860 |
| 2 | Fixed | 1.80 | 08/29/2018 | 08/29/2033(*) | 19,213,310,000 |
| 3 | Fixed | 2.20 | 05/13/2019 | 05/13/2040(*) | 40,018,500,000 |
| 4 | Fixed | 2.45 | 01/27/2020 | 01/27/2037(*) | 44,103,000,000 |
| 5 | Fixed | 2.00 | 09/01/2021 | 09/01/2047(*) | 43,401,000,000 |
| 6 | Fixed | 2.25 | 07/20/2023 | 07/20/2036(*) | 9,299,100,000 |
| 7 | Fixed | 1.20 | 02/21/2024 | 02/21/2029 | 2,400,000,000 |
(*) Principal repaid in the last three years to maturity, in annual and equal installments.
UPs are nominal wage-indexed monetary units. The UP is calculated by the National Institute of Statistics (Instituto Nacional de Estadistica or INE) and is published monthly in advance for each day of the following month. The UP is available on Bloomberg by typing “URUDUP <INDEX> <GO>”. The UP changes on a daily basis to reflect changes in the average index of nominal wages (Indice Medio de Salario Nominal or IMSN), which is also measured by the INE. The UP for each day is set in advance based on changes in previous months’ nominal wages.
The UP is readjusted on a daily basis in accordance with the evolution of average index of nominal wages, as determined by the following formula:
where UPd,M corresponds to the value of the UP on day d and month M, DM corresponds to the number of days in month M, IMSN corresponds to the value of the IMSN on month M. The index was created with an initial value of 1.0 on April 30th 2018.
