Circular LISOL 1-1096 and OPRAC 1-1277: Financing of the Non-Financial Public Sector. 2025 Debt Securities Program of the Municipality of Cordoba

The Central Bank of the Argentine Republic authorizes financial entities to acquire public securities issued by the Municipality of Cordoba, province of Cordoba, up to a maximum circulating amount of 150,000,000,000 pesos under the 2025 Debt Securities Program. This authorization is granted without applying the restrictions set forth in point 2.1 of the consolidated text on Financing of the Non-Financial Public Sector, subject to compliance with credit risk fragmentation provisions. The issuance is regulated by Municipal Ordinance 13,515 and conditions established by the Secretariat of Treasury of the Ministry of Economy of the Nation.

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COMMUNICATION "A" 8217 20/03/2025

TO FINANCIAL ENTITIES:

Ref.: Circular
LISOL 1-1096,
OPRAC 1-1277:
Financing of the Non-Financial Public Sector.
2025 Debt Securities Program of the Municipality of Cordoba - province of Cordoba -. ___________________________________________________________________________

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

"- To not formulate 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 ability of financial entities to acquire public securities to be issued by the Municipality of Cordoba – province of Cordoba – for up to a maximum circulating amount of $150,000,000,000 (one hundred fifty billion pesos) within the framework of the 2025 Debt Securities Program, as provided for in Municipal Ordinance 13,515 and in accordance with the conditions established in note NO-2025-26411786-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 provided in that regulatory framework."

We salute you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Enrique C. Martin Marina Ongaro
Manager of Emission of Norms
Deputy General 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