The issuing bank confirmed the dates in which the reference event will take place. There will be a first instance this will occur thursday november 17: “Trading in BYMA from this date will be carried out using the new ratios for each of the 33 modified programs”.
The friday november 18 is set as the registration date, in which the CNV will take the positions registered at the close of this date for each of the programs whose ratios are modified, in order to determine the amount of additional Cedears to be credited for the Tuesday, November 22, the date on which the remaining Cedears will be additionally credited.
The 33 Cedears and their ratio changes:
1. ADVANCED MICRO DEVICES (AMD) 1:2 to 10:1
2. GENERAL ELECTRIC (GE) 1:1 to 8:1
3. TARGET (TGT) 4:1 to 24:1
4. ANALOG DEVICES (ADI) 3:1 to 15:1
5. MOTOROLA SOLUTIONS (MSI) 5:1 to 20:1
6. COSTCO WHOLESALE (COST) 12:1 to 48:1
7. GLOBANT (GLOB) 6:1 to 18:1
8. NIKE (NKE) 3:1 to 12:1
9. DEERE & COMPANY (DE) 10:1 to 40:1
10. VISTA ENERGY (VIST) 1:5 to 1:1
11. THE HOME DEPOT (HD) 8:1 to 32:1
12. VISA (V) 6:1 to 18:1
13. SALESFORCE.COM (CRM) 6:1 to 18:1
14. JOHNSON & JOHNSON (JNJ) 5:1 to 15:1
15. THE WALT DISNEY COMPANY (DIS) 4:1 to 12:1
16. META PLATFORMS (META) 8:1 to 24:1
17. MICROSOFT (MSFT) 10.1 to 30:1
18. MCDONALD’S (MCD) 8:1 to 24:1
19. AMERICAN EXPRESS (AXP) 5:1 to 15:1
20. AVIS BUDGET GROUP (CAR) 1:1 to 26:1
21. SOUTHEAST AIRPORT GROUP (ASR) 2:1 to 20:1
22. NUCOR (NUE) 2:1 to 16:1
23. PACIFIC AIRPORT GROUP (PAC) 2:1 to 16:1
24. HERSHEY (HSY) 3:1 to 21:1
25. INTERNATIONAL FLAVORS & FRAGRANCE (IFF) 2:1 to 12:1
26. TAIWAN SEMICONDUCTOR MANUFACTURING (TSM) 1:3 to 9:1
27. AVERY DENNISON CORPORATION (AVY) 3:1 to 18:1
28. US BANCORP (USB) 1:1 to 5:1
29. FREEPORT MCMORAN COPPER & GOLD (FCX) 1:1 to 3:1
30. CATERPILLAR (CAT) 5:1 to 20:1
31. MARSH & MCLENNAN COMPANIES (MMC) 4:1 to 15:1
32. MEXICAN ECONOMIC DEVELOPMENT (FMX) 2:1 to 6:1
33. SYSCO CORPORATION (SYY) 2:1 to 8:1
Cedears (Argentine Certificates of Deposit) are variable income financial instruments which are equivalent to “portions” of foreign shares, but can be purchased in pesos and follow the evolution of the cable dollar.
These instruments have the advantage of being able to evade local risk that involves buying Argentine shares, since they usually correspond to multinationals that operate in various markets and have income from all over the world.
Source: Ambito
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