RegAlert2025-03-27 | A 8221Added
Circular LISOL 1-1098 OPRAC 1-1279: Financing the Non-Financial Public Sector. Global Debt Securities Issuance Program of the Province of Córdoba for 2025
The Central Bank of the Argentine Republic waives the observation restrictions under point 2.1 of the Non-Financial Public Sector Financing regulations, allowing financial entities to acquire debt securities issued by the Province of Córdoba with a nominal outstanding value up to USD 485,000,000 under the 2025 Global Issuance Program. This authorization applies to securities issued pursuant to provincial laws 11,014 and 10,835 and the conditions set by the Secretariat of Treasury of the Ministry of Economy. Financial entities are prohibited from applying their foreign currency deposit lending capacity to subscribe to these US dollar-denominated securities, in accordance with Section 2 of the Credit Policy regulations.
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"Año de la Reconstrucción de la Nación Argentina" "Año de la Reconstrucción de the Nation Argentina"
COMMUNICATION "A" 8221 27/03/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1098,
OPRAC 1-1279:
Financing the Non-Financial Public Sector.
Global Debt Securities Issuance Program of the Province of Córdoba for 2025.
___________________________________________________________________________ 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 the Non-Financial Public Sector, regarding the ability of financial entities to acquire debt securities to be issued by the Province of Córdoba with a nominal outstanding value up to the sum of USD 485,000,000 (four hundred eighty-five million US dollars) within the framework of the Global Debt Securities Issuance Program for 2025 – as provided for in provincial laws 11,014 and 10,835 – and in accordance with the conditions established in note NO-2025-29369632-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 for in that regulation.
The intervening financial entities may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned securities denominated in US dollars, in accordance with the provisions of Section 2 of the consolidated text on Credit Policy."
We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli Marina Ongaro
Principal Manager of Emission and Normative Applications 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
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