Argentinische Republik 8.75 % Bonos 2014-7.5.24 / ISIN ARARGE03H413

 Argentinische Republik 8.75 % Bonos 2014-7.5.24 / ISIN ARARGE03H413

Please note that the Republic of Argentina offers to exchange the notes for new notes. The Ministry of Finance has just issued the resolution 646/2021 with the procedure of the re-opening the exchange offer for the outstanding securities that did not enter in the last exchange offers. Below, you will find an overview of the exchange offer. For all further details, please refer to the attached documentation. Due to the complexity of the offer, no information will be sent to clients directly through us and no issue will be generated in Avaloq.

General information

The purpose of the offer is to exchange the bonds as further described in the attached documentation. Please note that the documentation is available in Spanish only.

 

Expected settlement date

01.11.2021 (subject to receipt)

 

Exchange cap

No exchange cap has been set.

 

Poolfactor

Applicable. Important note: Entitlement is calculated on the outstanding amount including previous partial reimbursements.

 

Please note that the current pool factor of the ISIN ARARGE03H413 is 83.34%.

 

New notes

USD 2030 bond: for each USD 1.00 principal amount of 'old' bond holders will receive USD 0.808398 principal amount of USD 2030 bond (ISIN ARARGE3209S6).

USD 2035 bond: for each USD 1.00 principal amount of 'old' bond holders will receive USD 0.808398 principal amount of USD 2035 bond (ISIN ARARGE3209T4).

USD 2041 bond: for each USD 1.00 principal amount of 'old' bond holders will receive USD 0.808398 principal amount of USD 2041 bond (ISIN ARARGE3209V0).

ARS 2026 bond: for each USD 1.00 principal amount of 'old' bond holders will receive ARS 60.58401 principal amount of ARS 2026 bond ('Boncer 26', ISIN ARARGE3209W8).

ARS 2028 bond: for each USD 1.00 principal amount of 'old' bond holders will receive ARS 60.58401 principal amount of ARS 2028 bond ('Boncer 28', ISIN ARARGE3209X6).

 

Accrued and unpaid interest

Participating bondholders will not receive any cash payment for accrued and unpaid interest of the eligible securities. Instead, they will receive bonds. Depending on the chosen option, different bonds will be received:

 

- If option 1, 2 or 3 is chosen: for each USD 1.00 principal amount of 'old' bond they will receive USD 0.0301818 principal amount of USD 1% 2029 bond (ISIN ARARGE3209Y4).

- If option 4 or 5 is chosen, for each USD 1.00 principal amount of 'old' bond they will receive additional ARS 2.1940681 principal amount of ARS 2026 bond (Boncer 26', ISIN ARARGE3209W8) or ARS 2028 bond ('Boncer 28', ISIN ARARGE3209X6).

 

For further details of the new bonds, please refer to the attached documentation.

 

Options

Option 1: To exchange and receive USD 0.808398 of new USD 2030 bond + USD 0.0301818 of new USD 1% 2029 bond for each USD 1.00 of 'old' bond

Option 2: To exchange and receive USD 0.808398 of new USD 2035 bond + USD 0.0301818 of new USD 1% 2029 bond for each USD 1.00 of 'old' bond

Option 3: To exchange and receive USD 0.808398 of new USD 2041 bond + USD 0.0301818 of new USD 1% 2029 bond for each USD 1.00 of 'old' bond

Option 4: To exchange and receive ARS 60.5840117 + ARS 2.1940681 of new ARS 2026 bond ('Boncer 26') for each USD 1.00 of 'old' bond

Option 5: To exchange and receive ARS 60.5840117 + ARS 2.1940681 of new ARS 2028 bond ('Boncer 28') for each USD 1.00 of 'old' bond

Option 6: To take no action (Default Option)

If you wish to accept the offer, please let us know by 25.10.2021 at the latest. When instructing, please provide us with the following details:

Container:
Quantity:
Option:

Without your instruction no action will be taken (Option 6)