Córdoba Province Launches Cash Purchase Offer for Dollar Step-Up Notes Set to Mature in 2027
Córdoba Province Launches Cash Purchase Offer for Dollar Step-Up Notes
In an important financial move, the Province of Córdoba, Argentina, has commenced an offer to repurchase its U.S. Dollar Step-Up Notes maturing in 2027 for cash. This initiative reflects the province’s strategic financial management and commitment to maintaining a robust debt profile.
Details of the Offer
The offering, which began at approximately 9:00 AM New York time on June 23, 2025, will remain open until 5:00 PM on June 27, 2025, unless extended. The province has indicated that it will accept all validly tendered notes, providing the purchase price at a fixed rate of $995 per $1,000 principal amount of the existing notes. Holders participating in the offer will also receive accrued interest from the last payment date up to the settlement date.
The maximum amount the province will allocate for the notes, referred to as the