2026-04-30 | A 8431

Ref.: Circular LISOL 1-1140 OPRAC 1-1309 Financing to the Non-Financial Public Sector Province of Chubut

The Central Bank of the Argentine Republic issues Communication “A” 8431 to waive restrictions on financial entities acquiring up to USD 650 million in international bonds issued by the Province of Chubut. This waiver applies within the framework of Provincial Laws II 292 and II 312, provided that participating entities comply with existing credit risk fragmentation rules. Furthermore, the regulation explicitly prohibits applying foreign currency deposit lending capacity to this specific bond subscription under Section 2 of the Credit Policy consolidated text.

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. "2026 - YEAR OF ARGENTINE GREATNESS" "2026 - YEAR OF ARGENTINE GREATNESS" . COMMUNICATION “A” 8431 30/04/2026 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1140, OPRAC 1-1309: Financing to the Non-Financial Public Sector. Province of Chubut.


We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, provides: “- No observations shall be made, within the framework of the restriction contained in point 2.1 of the consolidated text on Financing to the Non-Financial Public Sector, regarding financial entities' ability to acquire an international bond to be issued by the Province of Chubut up to a nominal value of USD 650,000,000 (six hundred fifty million US dollars), as provided for in Provincial Laws II 292 and II 312 and in accordance with the conditions established in note NO-2026-42054165-APN-SH#MEC of the Treasury Secretariat of the Ministry of Economy of the Nation, without prejudice to the compliance by the participating financial entities with the provisions on credit risk fragmentation provided in that regulatory framework. The participating financial entities may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned bond, in accordance with what is provided for in Section 2. of the consolidated text on Credit Policy.” We extend our respectful greetings to you. CENTRAL BANK OF THE ARGENTINE REPUBLIC Martín A. Bonelli Marina Ongaro Deputy Manager of Regulation of Passive Operations General Deputy Manager of Financial Regulation