As announced, The Central Bank (BCRA) made official this call for bidding for Series 2 of the Bonds for the Reconstruction of a Free Argentina (BOPREAL) and established that the offers will be channeled during the days Wednesday 7th and Thursday 8th February through SIOPEL’s BPAL wheel from 11 a.m. to 3 p.m.
This is how he arranged it through the Communication “B” 1276 from the monetary regulator, in which it was established that the maximum amount planned for the placement of this series will be US$2,000 million. In this round of the bidding, seeking to place US$500,000. Likewise, it was reported that this first tender will be only for SMEs and only one position can be placed per CUIT.
The award mechanism will give priority allocation for up to the first US$500,000 demanded per company. The BOPREAL that will be placed in this tender expires on June 30, 2025 and the issue date is February 16 of this year.
As in the previous cases, The subscription is made with delivery of pesos and execution of a technical ticket at the reference exchange rate published by the BCRA. based on Communication “A” 3500 corresponding to the business day prior to the start date of the tender. While the payment currency is the US dollar.
The Amortization will be in 12 consecutive monthly installmentsthe last calendar day of each month, the first will be paid on July 31, 2024. Eleven are 8.33% of the original face value and the last is set at 8.37% of the original face value, payable in US dollars .
The BCRA may redeem the instrument in advancepartially or totally, on any amortization date, paying in US dollars.
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.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
