This first instance of Series 2 was only enabled for companies in the MSME segment, but starting with the next auction, the tenders will be open to all those importers who have outstanding balances.
He Central Bank (BCRA) reported the result of the first auction of Series 2 of the Bonds for the Reconstruction of a Free Argentina (BOPREAL). 349 offers were received, which were awarded in their entirety for US$271 million.
As anticipated a few days ago, This first instance of Series 2 was only enabled for companies in the MiPyME segment and the BCRA indicated that “it will continue to be offered in weekly tenders until the maximum amount of VN US$2,000 million is covered.”
However, the Central statement announced that, “Starting with the auction to be called for next week, the tenders will be open to all those importers who have balances pending payment of their debt registered in the Register of Commercial Debts for Imports with Foreign Suppliers”.
Bopreal: what the next tenders will be like
In the event that the demand for Series 2 in any tender exceeds the maximum issuance amount, the award mechanism will give priority allocation to the first NV US$500,000 demanded by the company in said tender, and then distribute the remainder pro rata of the amount demanded.
Likewise, the Central reminded potential interested parties to participate in Series 2 tenders that, in response to the request of interested companies regarding the possibility of selling in advance the securities obtained in primary bidding, the BCRA decided that it be authorized to be listed on the stock exchanges and markets, as well as Series 1 and 3.
To know requirements and procedures for the importers can access these tenders, interested parties can consult the guide prepared by the BCRA.
Source: Ambito
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