24hoursworld

Provincial debt offer: BCRA gives approval to Córdoba bonds

Provincial debt offer: BCRA gives approval to Córdoba bonds

In this way, the BCRA gives the green light to financial entities to buy Treasury Bills from the province of Córdoba.

Provincial debt offer: BCRA gives approval to Córdoba bonds

Ignacio Petunchi

Through Communication “A” 8029/2024 of the Central Bank (BCRA) published this Monday in the Official bulletin and directed to financial entities, the body in charge of Santiago Bausilli communicates that “has no objections” for financial entities to acquire Treasury Bills issued by the province of Córdoba.

According to the official text, banks will be able to acquire a total amount of up to $150,000,000,000. Likewise, it highlights that this authorization is part of the Treasury Bill Program of the province of Córdoba for the year 2024, established in Provincial Law 10,927.

The communication also mentions that financial entities “They must comply with the provisions on credit risk fractionation provided for in current regulations.”.

In this way, the text gives the green light to financial entities to buy Treasury Bills from the province of Córdoba, complying with certain limits and conditions.

Key points of the standard

  • The authorization applies to Treasury Bills issued by the province of Córdoba within the framework of the 2024 Treasury Bill Program.
  • The total amount of Treasury Bills that financial entities can buy is $150,000,000,000.
  • The authorization is based on Provincial Law 10,927 and Note NO-2024-54397961-APN-SH#MEC of the Ministry of Finance of the Ministry of Economy of the Nation.
  • Financial entities must comply with the provisions on credit risk fractionation provided for in current regulations.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

The best paying jobs in the world in 2024

The best paying jobs in the world in 2024

In a constantly evolving world, job opportunities have changed significantly in recent decades. With the advancement of technology, globalization and the change in market needs,