City of Buenos Aires, 05/20/2024
Considering file EX-2024-05546788- -APN-DGDA#MEC and Law No. 11,672, Permanent Supplementary Budget (to 2014), and
CONSIDERING:
That through article 55 of Law No. 11,672, Permanent Complementary Budget (to 2014), the Ministry of Finance and the Ministry of Finance, both dependent on the Ministry of Economy, are empowered to carry out liability management operations, whatever the instrument that expresses them, clarifying that these operations may include the restructuring of the public debt within the framework of article 65 of law 24,156 of Financial Administration and Control Systems of the National Public Sector and its modifications, the purchase, sale and /or exchange of financial instruments, such as bonds or shares, currency repos, interest rates or securities; the purchase and sale of options on financial instruments and any other usual financial transaction in the derivatives markets and it is established that said operations will not be covered by the provisions of Decree 1023 of August 13, 2001 and its modifications.
That the aforementioned article 55 provides, among other issues, that to set the prices of the operations, the values existing in the markets must be taken into account and/or the usual mechanisms specific to each transaction must be used.
That it has been deemed convenient to make the purchase, from the Central Bank of the Argentine Republic (BCRA), of the “BONDS OF THE ARGENTINE REPUBLIC IN US DOLLARS STEP UP 2035” (AL35), originally issued through article 2 of law 27,556 , with the adjustments provided by article 4 of decree 676 of August 15, 2020, at the market closing price reported by Bolsas y Mercados Argentinos (BYMA) on May 16, 2024.
That the permanent legal service of the Ministry of Economy has taken the intervention of its competence
That this measure is dictated by virtue of the powers provided for in article 55 of Law No. 11,672 Permanent Supplementary Budget (to 2014).
Thus,
THE SECRETARY OF FINANCE
AND
THE SECRETARY OF THE TREASURY
RESOLVES:
ARTICLE 1.- Approval of the purchase operation, from the Central Bank of the Argentine Republic (BCRA), of the “BONDS OF THE ARGENTINE REPUBLIC IN US DOLLARS STEP UP 2035” (AL35), originally issued through article 2 ° of law 27,556, with the adjustments provided by article 4 of decree 676 of August 15, 2020, for an original nominal value of US dollars one billion three hundred twenty-nine million fifty-one thousand six hundred seventy-seven (VNO USD 1,329 .051,677), at a price of fifty-two thousand pesos ($52,000) for each original face value of one hundred US dollars (VNO USD 100). The operation will be settled on May 20, 2024.
ARTICLE 2.- The titles received for the operation that is implemented by article 1 of this resolution will be removed from the public debt records.
ARTICLE 3.- Authorizes the heads of the National Public Credit Office, or the Public Debt Administration Directorate, or the Public Credit Operations Directorate, or the Financial Programming and Information Directorate, or of the Financing Analysis Directorate, or of the Public Securities Coordination, or of the Internal Debt Issuance Coordination, to subscribe indistinctly the documentation necessary for the implementation of the operation provided for in article 1 of this resolution.
ARTICLE 4.- This measure will come into force from the day of its issuance.
ARTICLE 5.- Communicate, publish, send to the National Directorate of the Official Registry and archive.
Pablo Quirno Magrane – Carlos Jorge Guberman
and. 05/21/2024 No. 30913/24 v. 05/21/2024
