Home » today » World » Local debt swap: the Government released the fine print

Local debt swap: the Government released the fine print

He did so through the Resolution 381/2020 published today in the Official bulletin, which approved the restructuring procedure and appointed the Caja de Valores as the exchange agent for the operation of eligible securities.

With this post, The early acceptance period of the offer began, which will be in effect until September 1.

Then will come the late acceptance period, from September 2 to 15, the expiration date of the offer, which may be extended.

The forks of Letters and Bonds of the Treasury, with maturity between last year and 2023, they can choose new securities in dollars under Argentine law, with maturities in 2030, 2035 and 2041.

Bonds denominated in pesos, adjusted by the Reference Stabilization Coefficient (CER), Boncer 2026 plus a margin of 2 percentage points, and Boncer 2028 plus one of 2.25 may also be selected.

Meanwhile, creditors with bonds that mature between 2025 and 2037, have their choice of titles to 2035 or 2041; while the option for the discount voucher 2033, is a new one to 2038 or 2041, and for Par 2038, only to 2041.

Likewise, holders of bonds maturing between 2020 and 2033 will have the option of Bonar 2029.

Of the 2030 bonds, US $ 19.03 billion will be issued; of the 2035, US $ 32,084 million; of the 2038, US $ 7.254 million; and of the 2041, US $ 40,639 million.

Of the 2026 Boncer, $ 452,854 million will be issued; and of the Boncer 2028, $ 1,503,390 million; and Bonar 2029, US $ 2,325 million, as recorded.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.