According to the entity, received offers from 132 companies, which were awarded in their entirety. The accumulated amount awarded so far amounts to US$1,083 million.
The BCRA expects to award a maximum amount of US$3,000 millionso it will continue to tender the instrument in the coming weeks.
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 2026.
BOPREAL 3: who is it intended for?
Series 3 auctions are open to all importers with debts for import of goods and services as of December 12, 2023, whether or not the outstanding balances have been registered in the Register of Commercial Debts for Imports with Foreign Suppliers (the REGISTER). In the event that the claim for Series 3 In any tender that exceeds the maximum emission amount, the award mechanism will be pro rata of the amounts demanded.
On the other hand, around 6,500 MSMEs made import debt payments for a total of US$450 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 off the entire amount in three months.
According to the consulting firm Econviews, The Central will need more than US$1,000 million this year to comply with the payment of interest and capital amortization of Bopreal. “If we assume that the entire last series of tenders is completed, this year the Central Bank will need US$1.17 billion to meet these commitments,” he estimated in a recent report.
Source: Ambito
