BOPREAL Series 3: the Total Aggregated Amount Reached USD892 Million (NV)

The third auction of BOPREAL Series 3 bonds has concluded today. One hundred and seventy bids were submitted and awarded for a total nominal value (NV) of USD100 million, reaching a total aggregated amount of USD892 million (NV).

TThis series will be auctioned weekly up to a total nominal value of USD3,000 million. This bond may be transferred and traded in the secondary market. It will accrue a rate of 3% APR and will be repaid in three quarterly installments, from November 2025 to May 2026.

TThe upcoming auctions of Series 3 bonds will be open to all importers with outstanding debts incurred until December 12, 2023, regardless of whether they have registered their debts in the Registry of Commercial Debt from Imports Owed to Foreign Suppliers or not. In the event that the bids for BOPREAL Series 3 exceed the maximum issuance amount, the bonds will be awarded pro rata based on the amount demanded.

TThe BCRA awarded all Series 1 bonds for USD5,000 million (NV) and all Series 2 bonds for USD2,000 million (NV).

TIn addition, around 5,400 MSMEs have repaid debts from imports for a total of USD265 million without subscribing BOPREALs. These MSMEs have registered commercial debts for up to USD500,000 and may pay back their debts in full in three months.

TFor more information on the requirements and procedures for importers to participate in the BOPREAL auctions, please see the guide prepared by the BCRA.

March 14, 2024