In this instance, a total amount of issuance of up to US $ 3,000 million was approved that will be awarded for adhesion in successive tenders.
The Board of Directors Central Bank of the Argentine Republic (BCRA) finally approved The broadcast of the series 4 of the bonds for the reconstruction of a free Argentina (Bopreal). In this instance, it was approved A total amount of issuance of up to US $ 3,000 million that will be awarded by adhesion in tenders successive
Among the characteristics, the entity stressed that The titles will be nominated in dollars and will accrue an annual interest rate of 3%which will be paid semiannually. Besides, Capital will be amortized at a single payment in October 2028 and The subscription will be made in pesos to the change of communication reference to 3500 that allows to face the obligations abroad.
It is contemplated that Up to a third (US $ 1 billion) of the final amount of emission of the 4 series Bapreal can be used to cancel tax obligations and customs, as the Customs Collection and Control Agency (ARCA) is determined in due course.
In turn, The BCRA will announce the dates of the successive tenders of series 4 through communications B. The first tender is planned from mid -May.
“This New broadcast seeks to advance in the resolution of inherited exchange imbalancesassociated with stocks retained from debt to the outside, and is part of as a complement to flow flexibility and the normalization of the exchange regime announced at the beginning of phase 3 of the economic program, “they said.
Source: Ambito
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