Circular LISOL 1-1087 OPRAC 1-1270: Financing to the Non-Financial Public Sector. Public Bonds of the Province of Buenos Aires

"Año de la Reconstrucción de la Nación Argentina" "Año de la Reconstrucción de la Nación Argentina"

COMUNICACIÓN “A” 8174 09/01/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1087,
OPRAC 1-1270:
Financing to the Non-Financial Public Sector. Public Bonds of the Province of Buenos Aires. ___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution that, 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 the acquisition by financial entities of Public Bonds to be issued by the Province of Buenos Aires up to a nominal value equivalent to $300,000,000,000 (three hundred billion pesos), as provided for in Provincial Law 15,480 and in accordance with the conditions established in note NO-2024-141850508-APN-SH#MEC of the Secretariat of Treasury of the Ministry of Economy of the Nation, without prejudice to the observance by the intervening financial entities of the provisions on credit risk fragmentation set forth 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 the provisions of the consolidated text on Credit Policy."

We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Enrique C. Martin Marina Ongaro
Manager of Issuance
General Deputy Manager of Financial Regulation