The Government of the province of Córdoba reported “the successful placement in the capital market of the 2024 Debt Securities” for a total amount of $120,000 million. According to what was added, offers were received for $221,449 million.
The funds obtained will be used to finance works planned in the Public Works Plan carried out by the current administration.
The tender was carried out in two classes, Class 1 and Class 2 Debt Securities, for a total amount of $80,000 million.
During the bidding round, orders were received for more than $220,000 million between the two classes offered.
Due to the “very good conditions achieved”, the Government decided to “make use of the possibility of expanding the issuance up to $120,000 million.”
The entire amount was awarded in Class 2 Debt Securities, which have a term of 36 months and the capital is adjusted by the CER index.
These securities bear a rate of 450 basis points, a coupon that was tendered during the negotiation and was very favorable, which is why it was chosen to concentrate the issuance on them.
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