Thus it was arranged through the Communication “B” 12778, which was published this Monday and which establishes the terms and conditions of the bonds to be placed. It establishes that their issuance date is March 7, 2024, settlement is April 18 and the expiration was determined to be May 31, 2026.
Bopreal Series 2: characteristics of the tender
The currency of issue is in US dollars and, as in the tenders of the previous series, subscribers will be importers who have outstanding debts abroad for the import of goods with customs clearance prior to December 12, 2023 or services actually provided prior to said date.
The subscription currency will be 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.
The money of payment is in US dollars au$s100, each VNO u$s100. The amortization will be 3 consecutive quarterly installments on November 30, 2025, February 28, 2026 and May 31, 2026, corresponding to 33% of the original face value for the first two and 34% of the original face value for the third, payable in American dollars.
will accrue quarterly interest at the rate of 3% annual nominal, which will be payable on August 31, 2024, November 30, 2024, February 28, 2025, May 31, 2025, August 31, 2025, November 30, 2025, February 28, 2026 and May 31, 2026, and will be calculated based on months of 30 days and years of 360 days (30/360).
He BCRA may redeem the instrument in advance, partially or totally, on any interest payment date, paying in US dollars. They will be listed for listing and trading on BYMA/MAE, and may be traded through the Caja de Valores and Euroclear.
The maximum amount to be placed is VN u$s2,019,400,260 and the allocation mechanism in case of excess demand will be by proration.
Source: Ambito
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