Friday, April 22, 2016

Argentine government releases the details of the bond issue for US $ 16,500 million to pay the holdouts

In the Official Bulletin of the Argentina national government resolution providing for the issuance of bonds totaling US $ 16,500 million to pay the holdouts are published today. The measure is signed only by the minister, Alfonso Prat Gay, who led the negotiations with Casa Rosada vulture funds.

The annexes to the resolution 146/2016-more than 1,000 pages long the interest rate and maturity date of the four types of "International bonds of Argentina in US dollars" -given its name officially detailed, they are issued.

2019. Bonus Shares to 3 years are issued for US $ 2.75 billion with an interest rate of 6.25 percent annually.

2021. Bonus Shares to 5 years are issued for US $ 4.5 billion with an interest rate of 6.875 percent per annum.

Bono 2026. The 10-year bonds issued by US $ 6.5 billion with an interest rate of 7.5 percent annually.

Bono 2046. The 30-year securities issued by US $ 2.75 billion with an interest rate of 7.625 percent per annum.

The underwriters of the securities were appointed Deutsche Bank, HSBC, JP Morgan, Santander, BBVA, Citi and UBS, who will receive a commission of 0.18 percent. In addition, he was appointed The Bank of New York Mellon as settlement agent, trustee and paying agent and listing agent in Luxembourg.

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