Regulatory Alerts1999-09-13 | Resolución 075/99Added · Updated
Resolution 075/99: Approval of Bond Issuance to Honor Guarantee Provided to Banco de Crédito de Bolivia S.A.
The Central Bank of Bolivia approves the issuance of bonds valued at $47,591,575.05 to honor a guarantee provided to Banco de Crédito de Bolivia S.A. in exchange for the return of a credit portfolio. The bonds are denominated in US dollars, carry a five-year term, and bear a variable interest rate determined by specific auction benchmarks. The resolution also authorizes the temporary issuance of a 30-day promissory note to facilitate the transaction while formal bond registration procedures are completed.
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