Buenos Aires publishes amended offer, pushes out exchange deadline

Chicago, Aug. 6 – The Province of Buenos Aires published an amended and restated invitation memorandum on Friday regarding its exchange offer for holders of its foreign currency external bonds to exchange those instruments for new bonds to be issued by the province, according to a press release.

The new invitation is available by contacting the dealer managers or by contacting the information agent.

All investors are encouraged to consider the revised terms of the invitation, which provide some relief as the province works toward economic recovery.

Holders who have already delivered instructions to tender their bonds in respect of the original invitation prior to Friday and do not revoke those instructions before the extended expiration time will be deemed to have given instructions, including to receive new bonds, in accordance with the amended invitation.

The expiration time is 11 a.m. ET on Aug. 27, extended from 5 p.m. ET on Aug. 13.

The offer started on April 24, 2020.

Results are expected to be announced on Aug. 30.

The execution date, effective date and the settlement date will be on Sept. 3, or at the latest by Sept. 17.

Managers, agents

BofA Securities, Inc. (888 292-0070 or 646 855-8988) and Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) are dealer managers for the offer.

D.F. King & Co. (PBA@dfkingltd.com; +44 20 7920 9700 or 212 232-3233; or https://sites.dfkingltd.com/PBA) is the exchange, tabulation and information agent.

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