#Argentina #U.S. Dollar Notes #Chubut #2030

Province of Chubut Announces Tender Results for U.S. Dollar Step Up Notes Due 2030

On April 28, 2026, the Province of Chubut revealed significant details about its recent tender involving U.S. Dollar Step Up Notes maturing in 2030. This announcement is crucial for existing and potential investors as it clarifies the overall financial strategies and obligations of the province.

Overview of the Tender Process

This tender, part of a previously announced offer, aimed to repurchase U.S. Dollar Step Up Secured Amortizing Notes. The offer was structured to enable holders, referred to as 'Holders,' to submit their notes in exchange for cash payment at specified terms, as outlined in the official Offer Document dated February 23, 2026.

The aggregate principal amount tendered amounted to approximately U.S.$62,081,785.34, which is also the amount accepted for purchase. Each dollar of accepted original principal will yield a purchase price of U.S.$1,000, which reflects a standard repayment rate for such financial instruments.

Payment Details and Accrued Interest

Holders whose notes were accepted in this tender will benefit not only from the purchase price but will also receive any accrued and unpaid interest. This interest covers the period from the last payment date leading up to the Settlement Date, which is expected to occur on April 29, 2026. This dual compensation structure ensures that investors are provided with fair returns on their held assets during the transaction.

Conditions and Future Offerings

Importantly, the completion of this tender is subject to specific conditions being met. These include the successful closing of a new offering of 9.450% Notes due in 2036, which is expected to support funding for this buyback initiative. The new issuance serves a dual purpose: providing fresh capital and facilitating the province's commitment to managing its existing debts.

The offering of these New Notes will function under guidelines that are thoroughly detailed in the associated offering memorandum. Investors are advised that the announcement and the components of the tender do not represent an offer or solicitation to buy the New Notes outside the specified guidelines, particularly to qualified institutional buyers and non-U.S. persons as defined under applicable regulations.

Communication and Assistance

Investors who require additional information or have queries regarding the tender process can contact Morrow Sodali International LLC, which is designated as the Information and Tender Agent. This organization is coordinating all inquiries and information dissemination related to the tender, ensuring that holders have access to the requisite details and documentation.

For holders in jurisdictions within the European Economic Area and the United Kingdom, it's essential to recognize that this communication about the tender does not constitute a public offer as per local regulations. Investors must comply with all applicable laws and restrictions concerning the offer and its particulars.

As Chubut continues to navigate its financial landscape, updates and results like these reinforce the province’s ongoing commitment to transparency with its financial stakeholders. The outcomes from this tender play an integral role in shaping future strategies for fiscal stability and sustainable development.

In summary, this announcement by the Province of Chubut contributes to a clearer understanding of the financial maneuvers within the province, as it aims to successfully manage its debt obligations while providing opportunities for investors to engage in the tender process.