the Municipality of Cordoba She reported that he was placed Debt securities In the local market For 70,000 million pesos“the maximum amount stipulated”.
Secretary of Public Administration and Human Capital, Sergio Lorenzattikeep it up “It represents the confidence of banks and investors in the municipality“Who understand that the city will fulfill its obligations, as it always has.”
“For the administration, this is a very important support in the context of the crisis of economic activity at the national level.He confirmed.
Ratings
“Ratings Municipality of Cordoba It reflects its credit strength and tendency to provide positive operating margins Moody’s Argentina Locala risk rating agent, in relation to the title of the debt.
Then he continued:It has made great efforts to rationalize spending during recent fiscal years.up to A Primary surplus in the last two yearsDebt levels are moderate compared to other jurisdictions.
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Debt securities
From the capital secretariat, they pointed out that “The funds from the 2025 Series II debt securities are equivalent to $70 billionAnd that it “will be useful in the financial obligations that Cordoba Capital must face in the short and medium term, the implementation of public works and the provision of services.”
At the end of September The municipality paid the fourth installment of debts contracted in foreign currency from its own funds in 2016In the amount of $22.8 million.
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Debt securities 2025 Series II
Moreover, the municipality specified that the addresses “It will have a term of 15 months and will be amortized in three instalments: 25% in months 13 and 14, and 50% in month 15.
“He will get the title Variable Interest Rate (TAMAR) Plus a margin paid monthly. He explained that ownership can be subscribed and consolidated physically or in kind, through the delivery of Series LI and LII treasury bills.
The communication concluded that “it will have an assignment as a guarantee for flows from collections related to contributions affecting commercial, industrial and service activity, the category of large taxpayers (Type 3).”
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