Circular LISOL 1-1097 and OPRAC 1-1278: Financing to the Non-Financial Public Sector. 2025 Letter Issuance Program of the Municipality of Córdoba - Province of Córdoba

The Central Bank of the Argentine Republic waives the observation restrictions under point 2.1 of the Non-Financial Public Sector Financing regulations for financial entities acquiring Treasury Letters issued by the Municipality of Córdoba. This authorization permits a maximum outstanding amount of $55,000,000,000 under the 2025 Issuance Program, in accordance with Municipal Ordinance 13,515 and the conditions set by the Secretariat of Treasury of the Ministry of Economy. Financial entities must continue to comply with credit risk fragmentation provisions.

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COMUNICACIÓN “A” 8218 20/03/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1097,
OPRAC 1-1278:
Financing to the Non-Financial Public Sector.
2025 Letter Issuance Program of the Municipality of Córdoba - Province of Córdoba. ___________________________________________________________________________ We address you to inform you that this Institution has 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 to the Non-Financial Public Sector, regarding the ability of financial entities to acquire Treasury Letters to be issued by the Municipality of Córdoba – Province of Córdoba – up to a maximum outstanding amount of $55,000,000,000 (fifty-five billion pesos) within the framework of the 2025 Letter Issuance Program, as provided for in Municipal Ordinance 13,515 and in accordance with the conditions established in note NO-2025-26411765-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 regulation.”

We greet you attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Enrique C. Martin Marina Ongaro
Manager of Issuance
General Sub-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