MINISTRY OF FINANCE
March 25, 2018
On February 22, 2018, the Ministry of Finance of the Argentine Republic (the “Republic”) invited holders of the Republic’s outstanding Japanese law governed bonds listed below (the “Samurai Bonds”) to settle their outstanding claims under the terms and conditions of the proposal set forth in the attached notice (the “Proposal”).
List of Eligible Samurai Bonds
The Republic of Argentina Japanese Yen Bonds – Fourth Series (1996)
The Republic of Argentina Japanese Yen Bonds – Fifth Series (1999)
The Republic of Argentina Japanese Yen Bonds – Sixth Series (2000)
The Republic of Argentina Japanese Yen Bonds – Seventh Series (2000)
The Republic’s Ministry of Finance informs all holders of Samurai Bonds that as of March 23, 2018, 103 bondholders have agreed to accept the Proposal. These 103 bondholders collectively own the following outstanding principal amount of each Series of Samurai Bonds:
|Series||Total Outstanding Principal Amount * (JPY)||Total Principal Amount Accepted (JPY)
|% of Total Outstanding Principal Amount|
|Fourth Series||334 million||181 million||54.2%|
|Fifth Series||90 million||60 million||66.7%|
|Sixth Series||559 million||234 million||41.9%|
|Seventh Series||895 million||268 million||29.9%|
* Excludes Samurai Bonds held by or on behalf of the Republic and submitted for cancellation to the CCB.
For those Series where a majority of bondholders accept the Proposal, the Republic intends to have the terms and conditions of the Proposal become binding on all holders of those Series of Samurai Bonds by having the bondholders pass the required resolution at a bondholders’ meeting. Although the Republic reserves the right to enter into individual settlement agreements with bondholders, the Republic will continue to prioritize finding a solution that includes all holders of Samurai Bonds, and will work towards a prompt settlement and payment. The Republic therefore encourages bondholders to accept the Proposal.
Holders of the Samurai Bonds who have not yet accepted the Proposal but wish to do so and participate in the upcoming settlement process should contact one of the following no later than April 27, 2018:
1. Ministry of Finance, of the Argentine Republic
Osvaldo Colazo (Mr.) (e-mail: email@example.com)
Gabriela Medrano (Ms.) (e-mail: firstname.lastname@example.org)
2. Kojima Law Offices, attorneys in Japan for the Republic of Argentina
Telephone: 03-3222-1408 (Monday-Friday, 9:30am – 5:30pm), Fax: 03-3222-1405