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 $115.45 · 05/06/20265.26%
Tasa interna de retorno anual
129 bps
Diferencial sobre Tesoro EEUU
115.45%
Precio / valor residual vigente
$115.45
Precio cotizado en mercado
$119.12
Precio de liquidación
$3.67
Cupón devengado desde último pago
4.13 años
Plazo promedio a amortizaciones
3.45 años
Plazo promedio ponderado
3.36 años
Sensibilidad al rendimiento
14.78
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 | 2.26% | $128.29 | +11.12% | $0.0457 |
| -200 bps | 3.26% | $123.82 | +7.25% | $0.0437 |
| -100 bps | 4.26% | $119.54 | +3.54% | $0.0418 |
| -50 bps | 4.76% | $117.47 | +1.75% | $0.0409 |
| -25 bps | 5.01% | $116.46 | +0.87% | $0.0405 |
| 0 bps (actual) | 5.26% | $115.45 | — | $0.0400 |
| +25 bps | 5.51% | $114.46 | -0.86% | $0.0396 |
| +50 bps | 5.76% | $113.47 | -1.71% | $0.0391 |
| +100 bps | 6.26% | $111.54 | -3.39% | $0.0383 |
| +200 bps | 7.26% | $107.79 | -6.64% | $0.0367 |
| +300 bps | 8.26% | $104.20 | -9.74% | $0.0351 |
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.