Circular LISOL 1-1077 OPRAC 1-1261: Financing of the Non-Financial Public Sector. Buenos Aires Province Public Bonds. Interest Rate Modification

The Central Bank of the Argentine Republic waives the obligation for financial entities to file observations regarding the modification of the interest rate for the issuance of Buenos Aires Province public bonds, as authorized by Communication A 8037 and established in notes NO-2024-115587662-APN-SH#MEC and NO-2024-57031019-APN-SH#MEC. Financial entities are prohibited from applying foreign currency resources obtained from their financial intermediation liabilities to subscribe to these bonds denominated in US dollars, in accordance with the Credit Policy text. This measure applies to financial entities intervening in the issuance while maintaining compliance with credit risk fragmentation provisions.

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"AÑO DE LA DEFENSA DE LA VIDA, LA LIBERTAD Y LA PROPIEDAD" "AÑO DE LA DEFENSA DE LA VIDA, LA LIBERTAD Y LA PROPIEDAD"

COMUNICACIÓN “A” 8120 25/10/2024

TO FINANCIAL ENTITIES:

Ref.: Circular
LISOL 1-1077,
OPRAC 1-1261:
Financing of the Non-Financial Public Sector. Public Bonds of the Province of Buenos Aires. Interest Rate Modification.

We address you to inform you that this Institution has adopted the resolution that, in its pertinent part, provides:

“- To not file observations, within the framework of the restriction contained in point 2.1. of the consolidated text on Financing of the Non-Financial Public Sector, regarding the modification of the interest rate applicable to the issuance of Public Bonds of the Province of Buenos Aires –authorized in due course by the Board of Directors of the Central Bank of the Argentine Republic as stated in Communication A 8037–, in accordance with the conditions established in notes NO-2024-115587662-APN-SH#MEC and NO-2024-57031019-APN-SH#MEC of the Secretariat of Treasury of the Ministry of Economy of the Nation and without prejudice to the observance by the intervening financial entities of the provisions on credit risk fragmentation provided in the aforementioned regulation.

The intervening financial entities may not apply foreign currency resources obtained from their financial intermediation liabilities to the subscription of the aforementioned bonds denominated in US dollars, in accordance with what is provided in the consolidated text on Credit Policy.”

We salute you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Darío C. Stefanelli Marina Ongaro

Principal Manager of Issuance and
Normative Applications

General Deputy Manager of Financial Regulation

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Source: Banco Central de la Republica Argentina — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works