Regulatory Alerts2026-07-28
Added · Updated
Operational and Services External Circular DFV-108, Subject 16: Agricultural Development Bonds
This circular, effective July 28, 2026, replaces page 16-3 of Circular DFV-108 from December 9, 2025, to modify the deadline for registering instructions for the reinvestment of Agricultural Development Bonds (TDA) in the Central Securities Depository (DCV) prior to their maturity date. It details the characteristics of TDAs, including their issuance by FINAGRO, 1-year amortization, and interest rates indexed to IBR (IBR-3.70% for Class A, IBR-1.76% for Class B). For TDAs indexed to DTF valid during 2026, interest rates are DTF-4% for Class A and DTF-2% for Class B. The circular also specifies that automatic reinvestments for accounts with both DTF-indexed and IBR-indexed TDAs at maturity will consolidate into a single IBR-indexed TDA.