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 $112.90 · 22/07/20265.81%
Tasa interna de retorno anual
185 bps
Diferencial sobre Tesoro EEUU
112.90%
Precio / valor residual vigente
$112.90
Precio cotizado en mercado
$113.05
Precio de liquidación
$0.15
Cupón devengado desde último pago
4.00 años
Plazo promedio a amortizaciones
3.45 años
Plazo promedio ponderado
3.35 años
Sensibilidad al rendimiento
14.33
Curvatura precio-rendimiento
$0.0379
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 | 2.81% | $125.03 | +10.74% | $0.0431 |
| -200 bps | 3.81% | $120.81 | +7.01% | $0.0413 |
| -100 bps | 4.81% | $116.77 | +3.43% | $0.0395 |
| -50 bps | 5.31% | $114.81 | +1.70% | $0.0387 |
| -25 bps | 5.56% | $113.85 | +0.84% | $0.0383 |
| 0 bps (actual) | 5.81% | $112.90 | — | $0.0379 |
| +25 bps | 6.06% | $111.96 | -0.83% | $0.0375 |
| +50 bps | 6.31% | $111.03 | -1.66% | $0.0371 |
| +100 bps | 6.81% | $109.19 | -3.28% | $0.0363 |
| +200 bps | 7.81% | $105.64 | -6.43% | $0.0348 |
| +300 bps | 8.81% | $102.23 | -9.45% | $0.0334 |
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 | $38.10 | $138.09 | ||
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.