The Argentine Central Bank issued Resolution "A" 6838 (“Resolution”) on 28 November 2019, to provide flexibility for the issuance of financial debt in foreign currency. Accordingly, the Resolution expressly authorize residents to access the foreign exchange market for the payment of principal and interest of new financial debt issued and denominated in foreign currency.

Such access shall be subject to the following requirements: (i) the financial debt shall be subscribed in foreign currency, and (ii) the funds raised shall be settled (i.e. converted into Argentine Pesos) in the foreign exchange market.

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