2024-10-16 03:58:00
central bank of the argentine republic (BCRA) authorizes financial entities to purchase The treasury bill – PF24 – in the Neuquén province‘s 2024 financing plan is authorized by the legislature, but does not use U.S. dollars.
The standard is published 70 billion, but the maximum limit set by the central government is US$44.9 billion. The authorization was granted via Communication “A” 8115 of October 10, 2024, and published yesterday.
It allows financial entities to obtain notes that can be issued in pesos and other currencies. Our province planSeeking short-term financing, this will be the first offering under Gov. Rolando Figueroa’s administration.
PF24 Financing Plan The notes are capped at $70 billion and can be issued in series, classes and tranches through December 31, 2024, cThe term can be up to 48 months.
along with Issue notes to release items for other purposes.
BCRA stipulates that financial entities are not allowed to use foreign currency resources obtained through financial intermediary liabilities to subscribe for US dollar bills and must comply with credit risk regulations. There is also the possibility that Figueroa will conduct an exchange of provincial debt instruments in circulation.
exist In September 2024, Neuquen paid a total of US$37.885 billion Public debt maturity date. A large portion of this amount represented payments in foreign currency securities that were converted into pesos. Major payments include $10.570 billion in Treasury bills (BNM25) and $14.475 billion in notes (BNS24), both denominated in U.S. dollars and payable in pesos. Also included were $12.141 billion in other maturities in local currencies.
As of last month, Neuquen had paid $176.77It has $6 million in debt and has issued no new bonds, securities or Treasury bills to date. Governor Rolando Figueroa said he would not borrow to pay for current expenses, namely salaries, and that the debt he took on would be used for infrastructure projects.
At the national level, the provinces of Buenos Aires and Chaco are the only other jurisdictions with discharges in September 2024, underscoring the relevance of these instruments in addressing fiscal needs. Buenos Aires led the way with 162.906 billion pesos in Treasury placements, while Chaco placed 24.675 billion pesos
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