Circular REMON 1-1128: Bonos para la Reconstrucción de una Argentina Libre (BOPREAL) Series 4

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

COMUNICACIÓN “A” 8233 30/04/2025

TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1-1128:
Bonos para la Reconstrucción de una
Argentina Libre (BOPREAL) Series 4.

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We address you to inform you that the Central Bank of the Argentine Republic (BCRA) may offer to the market Notes of the Central Bank of the Argentine Republic in United States dollars (BOPREAL) Series 4 according to the following details:

Subscribers: those legal entities that fall under points 4.4., 4.5. and 4.6. of the TO EyC. Also, debtors of capital services and overdue interest with linked counterparties subject to prior BCRA approval provided for in points 3.3. and 3.5.6. Clients may subscribe to Bonos para la Reconstrucción de una Argentina Libre (BOPREAL) up to the total amount owed as of the subscription date for i) Overdue compensatory interest until 04/07/24 for commercial debts for imports of goods and services with linked counterparties, ii) Overdue compensatory interest until 31/12/24 for financial debts with linked counterparties and iii) Overdue principal for financial debts with linked counterparties.

Maximum term: until 31/10/2028.

Subscription currency: pesos at the reference exchange rate published by the BCRA based on Communication A 3500 corresponding to the date of the bid, or the previous business day, as determined by the Presidency.

Payment currency: United States dollars upon amortization and/or with early redemption option(s) in favor of the Holders; the cancellation of such exercise of option may only be in pesos dollar linked.

Amortization: United States dollars, with the possibility of full maturity at maturity or with a partial amortization scheme as determined by the Presidency.

Investor redemption option: the alternative of including early redemption clauses in favor of the Holders may be considered. In that case, simultaneously with the title bid, redemption rights on such instruments will be included in the terms and proportions determined by the BCRA, which may only be exercised at nominal value payable in pesos at the Reference Exchange Rate of Communication “A” 3500. To facilitate investor redemption options, a strip of such proportions of the total nominal is provided. These strips will pay United States dollars at maturity or may be executed against pesos dollar linked to the BCRA on the established date of the redemption option.

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Interest: They will accrue interest based on a year of THREE HUNDRED SIXTY (360) days integrated by TWELVE (12) months of THIRTY (30) days each, at a maximum annual rate of 3% to be defined in the bid announcement, which may be payable quarterly or semi-annually in United States dollars.

Auctions: single or multiple price.

Settlement and registry agent: CRyL.

Integration of subscription and payment of financial services: will be effected by debit or credit, as applicable, of the financial entity's account at this Central Bank.

Secondary market: the auction announcement will define whether these instruments will be traded in BYMA/MAE and euroclearable markets.

We salute you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Sebastián D. Anigstein Diego J. López Airaghi
Manager of Local and International Operations Main Manager of Market Operations