The subscription will be made in pesos, according to the reference exchange rate published by the BCRA, while payments will be in dollars. The maximum amount to be placed is established at a nominal value of US$559,793,680.
In a strategic move to alleviate commercial debt and continue absorbing pesos from the monetary base, the Central Bank (BCRA) plans to carry out, between Wednesday and Thursdaythe long-awaited third tender of Series 2 of the Bonds for the Reconstruction of a Free Argentina (Bopreal). It should be noted that the tender was already announced through Communication 12746.
The initiative, as confirmed Ambitseeks to place the remaining available of approximately US$560 million. After the success obtained in Series 1where US$5,000 million of stipulated nominal values were placedthe BCRA aspires to full accession in Series 2reaching the maximum of US$2,000 million VN contemplated for this stage.
Companies with debts registered in the Commercial Debt Register abroad, collaboration between Ministry of Commerce and the Federal Administration of Public Revenues (AFIP), will be able to participate again in this auction.
The details of the call
The titles that will be subject to bidding, with expiration date June 30, 2025are structured with an amortization in twelve consecutive monthly installmentsbeginning July 31, 2024. The first eleven installments will be 8.33% of the original face value, and the last 8.37%, all payable in US dollars.
The subscription will be made in pesos, according to the reference exchange rate published by the BCRA, while payments will be in dollars. The maximum amount to be placed is established at a nominal value of US$559,793,680.
The Bonds for the Reconstruction of a Free Argentina (Bopreal) were designed for importers of goods and services, with the aim of reducing the commercial debt of companies. This measure will allow the Central Bank to extend payment terms, in a context of limited international reserves, at the same time that it withdraws pesos from circulation in the hands of the private sector. With the continued success of these tenders, it is expected to contribute significantly to boosting the national economy.
Source: Ambito
