He Bond for the Reconstruction of a Free Argentina (Bopreal) does not finish taking flight in the market despite the fact that many stock market operators see potential in it. The problem continues to be the lack of interest of the subjects to whom it is directed, that is, the companies who have debts for imports. Thus, The Government is trying to reverse that idea in dialogue with large companies.
This is the case of the automotive company Japanese Toyota, which in the third tender organized by the Central Bank, bought US$1,179 million. It was the best call of the four so far. It is not known if the company passed on to any of its suppliers the bonds that he purchased in the primary bidding. The truth is that it is believed that more than 70% of the debt declared so far is between subsidiaries and parent companies.
It is because of that The team led by Luis Caputo began to seduce large companies to approach Bopreal and start adding volume. The Secretary of Commerce, Pablo Lavigneand his counterpart from the Industry and Productive Development area, Juan Pazoheld a meeting with the main directors of the United States Chamber of Commerce in Argentina (AmCham), the entity that brings together companies of North American origin in the country. Both officials highlighted the benefits of the bonus.
According to a statement from AmCham, Lavigne and Pazo also indicated that the Government’s objective is to simplify and accelerate the import process to guarantee the effectiveness of the procedures.
The Secretariat of Commerce agreed on the possibility of AmCham reporting delayed processes and their impact on the business, in order to analyze the origin of the delays in detail and ensure that they are unblocked.. The fiscal situation that the companies are going through was also analyzed. In this regard, it was reported that fromOn January 17, a sub-registry was enabled so that companies can detail the services required by external suppliers or their parent companies.
Bopreal: the “sweeteners” for companies
The government once again highlighted the “sweeteners” that has the title, whose new tender starts this Wednesday and closes on Thursday. To access one of them The deadline is January 31. Those who enter the tender can then buy up to 5% of the value of their debt in the official dollar market. Then, if they sell their bonds in the secondary market, they will be able to access the Cash Settlement (CCL) market for the difference between the face value and parity. It is likely that the BCRA will decide to extend the deadline.
In addition, the current series 1 in tender has the possibility of advance payment starting in April 2025 to cancel tax debts, but in that case, the holder receives pesos.
Maybe For a small business, the voucher does not offer solutions, unless its supplier accepts it. (something that is not happening). On the other hand, a large firm with financial backing could take one to 12 months, deliver it to its parent company outside the country, and then collect the dollars.
It must be taken into account that Of the approximately US$26,000 million declared so far, according to official data, some US$20,500 million are from large companies, which generally have headquarters abroad. The Central Bank first plans to exhaust series 1 of Bopreal for US$5,000 million, but this hasAt the moment he could only place a little more than 30%.
Source: Ambito
