He Central Bank (BCRA) announced this Friday the bidding schedule for Series 2 and 3 of the Bonds for the Reconstruction of a Free Argentina (BOPREAL) that will begin the next week, after having completed the maximum issuance quota of Series 1 for US$5,000 million.
BOPREAL: schedule and award mechanism for Series 2
Series 2 will be offered in weekly tenders until the maximum amount of NV US$2,000 million is covered. In the first call, which will be held next week, only companies in the MSME segment that have registered in the Register of Commercial Debts for Imports with Foreign Suppliers (EL PADRÓN) launched jointly by the Ministry of Commerce and the Federal Administration will be able to participate. of Public Revenue (AFIP).
The remaining tenders will be open to all importers who have registered their debts in EL PADRÓN.
In the event that the demand for Series 2 in any tender exceeds the maximum issuance amountn, the award mechanism will give assignment priority to the first VN u$s500,000 demanded per companyand then assign the remainder pro rata of the amount demanded.
In response to requests from potential interested parties regarding the possibility of selling in advance the titles obtained in primary bidding, The BCRA has decided that Series 2 will also be authorized to be listed on stock exchanges and stock markets, like Series 1 and 3.
BOPREAL: schedule and award mechanism for Series 3
The Series 3 will begin to be offered for up to a maximum amount of VN US$3,000 million in weekly tenders once the total emission amount available for Series 2 has been covered.
All importers who have registered their debts in EL PADRÓN may participate for up to the remaining amount of their debts after subtracting, if applicable, participation in the other available instruments.
In the event that the demand for Series 3 in any tender exceeds the maximum issuance amount, The award will be made pro rata of the amount demanded therein.
To know requirements and procedures for importers to access these tenders, consult this guide prepared by the BCRA.
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