The Ministry of Finance announced the tender for the conversion of BONCERES for those entities that accepted the termination of liquidity options with the BCRA on August 1st.
The Ministry of Finance announced the tender for the first of August for the conversion of BONCERES for those entities that accepted the termination of liquidity options with the BCRA.
The conversion will be made for: TX25, TZXD5, TZXM6 for TZXD6; while TZX26, TZXM7 can be exchanged for TZXD7; also T3X5 for TZX25; T4X4, and T2X5 for TZXD5; and finally the T2X5 bond for the LECAP with an expiration date of 31/03/25.
How will the exchange be?
The tender will be by adhesion and by the own portfolio of the Offering Entities, so no entity may present offers on behalf of third parties. Likewise, the Offering Entities will only have the documents of those Eligible Titles enabled for which the BCRA carried out the termination of the liquidity operations of national public securities and for up to the sum of the nominal value involved in said operation, so They will not be able to make offers for other Eligible Securities for which they are not authorized to do so.
The Offering Entities, in each document that they have enabled, must indicate, in a single offer, the amount of nominal value to be delivered of the Eligible Title that they present in conversion and which may not exceed the original nominal value of the Eligible Security used in liquidity operations with the BCRA.
Once the bidding has closed, and in the event that any Offering Entity makes its offer for a VNO of Eligible Title that exceeds the amount involved in the termination of the liquidity options of national public securities, The Finance Ministry will reduce the amounts offered until they are equal to the VNO amount that was part of the liquidity options termination operation.
Source: Ambito
