17-06-2025

Through Communication “B” 12999 dated June 10, 2025, the Central Bank of the Argentine Republic (BCRA) announced the call for the first auction of Series 4 of the Bonds for the Reconstruction of a Free Argentina (“BOPREAL”), to be held on June 18, 2025, between 11:00 AM and 3:00 PM, for a maximum issuance amount of USD 3 billion.

The auction is aimed at legal entities with foreign liabilities under the following concepts:

a) commercial debt from imports of goods and/or services prior to December 13, 2023;
b) debt from dividends prior to January 1, 2025; and
c) pending commercial and/or financial debt services with related foreign parties.

BOPREAL Series 4 is denominated in U.S. dollars, matures on October 31, 2028, bears an annual nominal interest rate of 3% (payable on April 30 and October 31), and will be fully amortized at maturity. The issuance price is at par, settlement will take place on June 24, 2028, and the exchange rate applied will be that of BCRA Communication “A” 3500 from the previous business day.

Starting September 30, 2025, BOPREAL Series 4 will be split into two tradable instruments:

1. Series 4A (one-third of the nominal value), with an early redemption option between April 30, 2028 and maturity; and

2. Series 4B (two-thirds of the nominal value), with no early redemption option.

BOPREAL Series 4 bonds will be listed for quotation and trading on BYMA/MAE, and may be traded through Caja de Valores and Euroclear.