TLCM
ON Telecom Argentina 9.5% 2031
Telecom Argentina S.A.
18/07/2031
9.50% (Semestral)
ISIN
USP9028NBT74
Fecha de emisión
18/07/2024
Valor nominal
$100
Estructura
Métricas al último precio
Precio USD $113.35 · 22/04/20265.88%
Tasa interna de retorno anual
242 bps
Diferencial sobre Tesoro EEUU
113.35%
Precio / valor residual vigente
$113.35
Precio cotizado en mercado
$115.87
Precio de liquidación
$2.52
Cupón devengado desde último pago
4.25 años
Plazo promedio a amortizaciones
3.56 años
Plazo promedio ponderado
3.45 años
Sensibilidad al rendimiento
15.47
Curvatura precio-rendimiento
$0.0400
Cambio de precio por 1 bp
Tabla de sensibilidad
Variación de precio ante shocks de TIR| Shock TIR | TIR resultante | Precio limpio | Variación | DV01 |
|---|---|---|---|---|
| -300 bps | 2.88% | $126.21 | +11.34% | $0.0458 |
| -200 bps | 3.88% | $121.73 | +7.39% | $0.0438 |
| -100 bps | 4.88% | $117.44 | +3.61% | $0.0419 |
| -50 bps | 5.38% | $115.37 | +1.79% | $0.0409 |
| -25 bps | 5.63% | $114.36 | +0.89% | $0.0405 |
| 0 bps (actual) | 5.88% | $113.35 | — | $0.0400 |
| +25 bps | 6.13% | $112.35 | -0.88% | $0.0396 |
| +50 bps | 6.38% | $111.37 | -1.75% | $0.0391 |
| +100 bps | 6.88% | $109.44 | -3.45% | $0.0383 |
| +200 bps | 7.88% | $105.69 | -6.76% | $0.0366 |
| +300 bps | 8.88% | $102.11 | -9.92% | $0.0350 |
Cronograma de pagos
| # | Fecha | Residual | Amortización | Cupón | Flujo Total |
|---|---|---|---|---|---|
| 1 | 18/07/2024 | 100% | - | - | $0.00 |
| 2 | 18/01/2025 | 100% | - | $4.75 | $4.75 |
| 3 | 18/07/2025 | 100% | - | $4.75 | $4.75 |
| 4 | 18/01/2026 | 100% | - | $4.75 | $4.75 |
| 5 | 18/07/2026 | 100% | - | $4.75 | $4.75 |
| 6 | 18/01/2027 | 100% | - | $4.75 | $4.75 |
| 7 | 18/07/2027 | 100% | - | $4.75 | $4.75 |
| 8 | 18/01/2028 | 100% | - | $4.75 | $4.75 |
| 9 | 18/07/2028 | 100% | - | $4.75 | $4.75 |
| 10 | 18/01/2029 | 100% | - | $4.75 | $4.75 |
| 11 | 18/07/2029 | 100% | $33.00 | $4.75 | $37.75 |
| 12 | 18/01/2030 | 67% | - | $3.18 | $3.18 |
| 13 | 18/07/2030 | 67% | $33.00 | $3.18 | $36.18 |
| 14 | 18/01/2031 | 34% | - | $1.62 | $1.62 |
| 15 | 18/07/2031 | 34% | $34.00 | $1.62 | $35.62 |
| Total | $100.00 | $42.84 | $142.84 | ||
Descripción
Obligación Negociable de Telecom Argentina S.A. (Clase 21) en USD, ley extranjera (NY). Cupón 9.5% anual pagadero semestralmente (18 ene/jul). Sinkable: amortiza 33% en jul-2029, 33% en jul-2030 y 34% final en jul-2031. Base 30/360.