The monetary authority received bids from 170 companies, which were awarded in their entirety. In this way, the accumulated amount of this species is US$892 million, 30% of the expected total.
The Central Bank (BCRA) completed the third auction of the Series 3 of the Bonds for the Reconstruction of a Free Argentina (BOPREAL), and It was barely able to award US$100 million. This is the lowest amount of the three placements that it has made so far for the last tranche of the title that it designed to channel part of the stock of commercial debt prior to the change of government.
The monetary authority received positions of 170 companies, which were awarded in their entirety. In this way, the The accumulated amount of this species is US$892 million, 30% of the expected total. In the coming weeks there will be new tenders until the maximum amount of US$3,000 million is reached.
The Series 3 bonds are authorized for transfer and negotiation in the secondary market, accrue interest at a rate of 3% NA and amortize in three quarterly installments, from November 2025 to May 2026recalled the BCRA.
BOPREAL: which companies is the Series 3 intended for?
The next Series 3 auctions They will be open to all importers with debts for importing goods and services as of December 12, 2023, whether or not they have registered the balances pending payment in the Register of Commercial Debts for Imports with Foreign Suppliers (the REGISTER). In the event that the demand for Series 3 in any tender exceeds the maximum issuance amount, the award mechanism will be pro rata of the amounts demanded.
The BCRA placed the entire Series 1, for US$5,000 million, and Series 2, for US$2,000 million.
On the other hand, around 5,400 MSMEs made import debt payments for a total of US$265 million without the need to subscribe to the BOPREAL. They are companies with debts of up to US$500,000 registered in the REGISTRATION and that will be able to pay it in full in three months.
Source: Ambito
