The regulations authorize the heads of various offices and directorates related to public debt management to sign “the relevant documentation to carry out this operation.”
The Ministry of Economy, the Ministry of Finance and the Ministry of Finance, through Joint Resolution 18/2024published this Friday in the Official Gazette, made official the extension of the broadcast of the “Non-transferable National Treasury Bill in US Dollars due January 7, 2034” to cancel the service of interest.
The official regulations indicate that, in accordance with the provisions of article 37 of law 27,701 of the General Budget of the National Administration for the year 2023, modified by various decreesthe Body Responsible for financial coordination is authorized to carry out public credit operations under certain specifications and financing destinations.
This Responsible Body, exercised jointly by the Secretariat of Finance and the Secretariat of Finance of the Ministry of Economy, sand is empowered to define the conditions of the public securities that will replace the payments of interest services and capital amortizations of non-transferable bills in the portfolio of the Central Bank of the Argentine Republic (BCRA).
It is important to highlight that, to cover the service of interest mentioned, The issuance of the “Non-transferable National Treasury Bill in US Dollars” due January 7, 2034 will be expanded.“, in accordance with the provisions of the Joint Resolution.
Standard details
- Amount: US$23,208,692.41
- Interest rate: to be defined by the Ministry of Finance and the Ministry of Finance.
- Expiration: January 7, 2034
- Placement: on par with the Central Bank.
- Destination: Payment of interest on the “National Treasury Bills in US Dollars Art. 3° Decree No. 622/2021”.
Furthermore, the regulations authorize to the heads of various offices and related directorates with public debt management to sign “the pertinent documentation to carry out this operation.” Finally, this measure comes into effect as of its publication in the BO, that is, this Friday, March 22.
Source: Ambito
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