Córdoba Province Reveals Tender Accepted Amount for Financial Notes Purchase

The Province of Córdoba Announces Accepted Tender Amounts

On July 1, 2025, the Province of Córdoba disclosed significant financial information regarding its recent tender offer for existing financial notes. A summary of the facts surrounding this announcement provides insight into the financial strategy of the province and its impact on stakeholders.

The Province of Córdoba, positioned in Argentina, has made strides in managing its debt obligations. The province's announcement highlights the aggregate principal amount of existing notes that were validly tendered for purchase. The total amount tendered reached a staggering U.S.$360,338,929, which corresponds directly with the amount accepted for purchase.

Key Details of the Tender Offer

The tender offer was initiated to acquire existing notes from registered holders or beneficial owners. The purchase price outlined for the accepted existing notes is U.S.$995 per U.S.$1,000 principal amount tendered. This price reflects the current market conditions and the province's financial positioning. Additionally, the holders whose notes are accepted will also receive any accrued interest.

The announcement specifies that the settlement of the validly tendered existing notes is expected to take place on July 2, 2025, with conditions stipulated within the offer document dated June 23, 2025. Holders can anticipate receiving both the purchase price and accrued interest, provided all conditions are satisfactorily met by the settlement date.

Strategic Context

Córdoba's offer is contingent upon the concurrent closing of a new offering of 9.750% Notes due 2032. This new issuance aims to furnish sufficient funds to finance the tender. The province's adept management of financial obligations aims to capitalize on favorable market conditions while ensuring stability and growth.

Córdoba has taken significant measures to structure its financing strategy proactively. The province's intention is clear: to improve its debt profile while enhancing its financial standing through strategic offers that appeal to investors.

Role of Information Agents

To aid in this tender offer, Morrow Sodali Limited, trading as Sodali & Co, is designated as the information and tender agent. Interested parties can access the offer documentation from their website or through contact methods provided in the official announcement. The adherence to clear channels of communication underlines the province's commitment to transparency and stakeholder engagement.

In terms of global financial markets, these activities illustrate the Province of Córdoba's approach to fiscal responsibility and the necessity of keeping investors informed throughout the process. As such, the tender offer reflects not only the province's financial health but also its strategic planning to navigate complex market landscapes.

Conclusion

Overall, the announcement from the Province of Córdoba signifies a proactive approach in managing debt and enhancing financial stability. The successful acceptance of this tender makes a clear statement of confidence in the province's fiscal management and future growth trajectory. As dénouements unfold, both stakeholders and market observers will watch closely to see how Córdoba continues to develop its financial landscape in the face of global economic changes.