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BOPREAL: the BCRA placed almost US$500 million in the first auction of Series 3

BOPREAL: the BCRA placed almost US$500 million in the first auction of Series 3
February 29, 2024 – 18:26

Bids were received from 280 companies, which were awarded in their entirety. In the coming weeks there will be new tenders until the maximum amount of up to US$3,000 million is completed.

Courtesy: elmanana

The Central Bank (BCRA) placed this Thursday US$491 million in the first auction of Series 3 of the Bonds for the Reconstruction of a Free Argentina (BOPREAL).

Positions were received from 280 companies, which were awarded in their entirety. In the coming weeks there will be new tenders until the maximum amount of up to US$3,000 million.

Let us remember that Series 3 bonds accrue interest at a nominal annual rate of 3% and amortize in three quarterly installments, from November 2025 to May 2026. The Series 3 is also enabled for transfer and negotiation in the secondary market.

All importers who have remaining debts (after subtracting, if applicable, participation in the other available instruments) They will be able to participate in the tenders with the condition that they are registered in the Register of Commercial Debts for Imports with Foreign Suppliers (PADRÓN), carried out jointly by the Ministry of Commerce and the Federal Administration of Public Revenues (AFIP).

In the event that the demand for Series 3 in any tender exceeds the maximum issuance amount, The award mechanism will be pro rata of the amounts demanded.

BOPREAL: BCRA has already placed US$7,000 million of series 1 and 2

The BCRA has already placed the entire Series 1, for US$5,000 million, and Series 2, for US$2,000 million.

On the other hand, since the facility came into effect for Micro, Small and Medium Enterprises (MSMEs) with debts registered in the PADRON for up to US$500,000 to access the Free Exchange Market (MLC) to pay the entire of its liabilities in a phased manner without the need to subscribe to the BOPREAL, More than 3,300 MSMEs made import debt payments for a total of US$131 million.

Source: Ambito

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