2025-06-19 | A 8260

Circular LISOL 1-1105 OPRAC 1-1285: Financing for the Non-Financial Public Sector. Bonds of the Public Debt ER 2025 of the Province of Entre Ríos

The Central Bank of the Argentine Republic exempts financial entities from credit risk fractionalization restrictions when acquiring up to $120 billion pesos (or equivalent in US dollars or other foreign currencies) of the Province of Entre Ríos 2025 Public Debt Bonds, issued under Provincial Law 11.176 and Ministry of Economy note NO-2025-62189282-APN-SH#MEC. The exemption applies provided that intervening financial entities comply with the applicable regulatory framework and do not apply their foreign currency deposit lending capacity to subscriptions of USD-denominated titles. This authorization remains subject to the conditions set forth in Section 2.1 and Section 2. of the consolidated regulatory texts on Non-Financial Public Sector Financing and Credit Policy, respectively.

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. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION “A” 8260 19/06/2025 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1105, OPRAC 1-1285: Financing for the non-financial public sector. Bonds of the Public Debt ER 2025 of the province of Entre Ríos.


We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, provides: “- To not raise observations, within the framework of the restriction contained in point 2.1. of the consolidated regulatory text on Financing for the Non-Financial Public Sector, regarding financial entities' ability to acquire Bonds of the Public Debt ER 2025 to be issued by the Province of Entre Ríos up to a nominal value of $120,000,000,000 (one hundred twenty billion pesos) and/or its equivalent in United States dollars and/or any other foreign currency, within the framework of Provincial Law 11.176 and in accordance with the conditions established in note NO-2025-62189282-APN-SH#MEC of the Treasury Secretariat of the Ministry of Economy of the Nation, without prejudice to the compliance by the intervening financial entities with the provisions on fractionalization of credit risk provided in that regulation. The intervening financial entities may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned titles denominated in United States dollars, as provided in Section 2. of the consolidated regulatory text on Credit Policy.” We extend our respectful regards to you. CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Principal Manager of Emissions and Regulatory Applications Deputy General Manager of Financial Regulation