Santa Cruz de la Sierra, May 15, 2019. Within the framework of the 164th FONPLATA Board of Directors Meeting held in Santa Cruz de la Sierra, a USD 120-million loan for Argentina was approved. The loan will be aimed at the Regional Infrastructure Federal Program to improve the social infrastructure of Argentine provinces. With this Program, buildings will be integrated into the urban center and hospitals will be constructed or improved.

The approved operation, resulting from the joint work of the Under-secretariat of International Financial Relations of the Ministry of Treasury and representatives from the multilateral organization, is part of a program to increase the current funding of the Regional Infrastructure Federal Trust Fund with financing of FONPLATA, CAF and IDB for a total amount of USD 1 billion. This way, works in Chaco, Corrientes, Mendoza, La Rioja and the City of Buenos will be financed.

The Ministry of Treasury reports it received USD 1.1 billion, nominal value, in offers for LETES due on July 19, 2019 and ARS 32.9 billion, nominal value, for LECAPS due on June 28, 2019.

For LETES, the Ministry sold a total of USD 988 million, nominal value, the cut-off price was of USD 992.38 for every USD 1,000, nominal value, which represents a Nominal Annual Rate of 4.00%.

For LECPAS, the Ministry sold a total of ARS 31.1 billion, nominal value, the cut-off price was of ARS 1,139.00 for every ARS 1,000, nominal value, which represents an Annual Nominal Rate of 59.43%. The total amount issued of these instruments, including the amount sold at this auction, is ARS 69.9 billion.

The Ministry received a total of 12,396 purchase orders.