The Province of Buenos Aires issued a statement yesterday that it had already transferred American Dollars and Euros to the payment Agent (Discount Bond 2017) in order to pay the interest and principal on Bonds denominated in USD, 48.8 million of dollars and Bonds denominated in Euros for 19.7 million of Euros on Monday15.
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The Province of Buenos Aires issued a statement yesterday that it had already transferred American Dollars and Euros to the payment Agent (Discount Bond 2017,) in order to pay the interest and principal on the Bonds denominated in USD, 48.8 million of dollars and the Bonds denominated in Euros for 19.7 million of Euros on Monday 15.
The Bonds were issued on December 1, 2005 due on April 15, 2017 under NY Law.
The Bonds are denominated in American dollars and Euros accrue interest on outstanding principal as of December 1, 2005, at an annual rate of 9.25 %. In the case of the Bonds denominated in American Dollars, and 8.50% for those denominated in Euros. They are payable, when due, on a semiannual basis on April 15 and October 15 of each year. The Bonds amortize 20% annually as of October 15, 2012, repaying principal and interest service.
The Province of Buenos Aires has been acquiring foreign currency from the Single Foreign Exchange Market according to the foreign debt payment codes without any type of problem whosoever.
http://www.ec.gba.gov.ar/areas/English_Version/English_version.php# |
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