The Argentina Securities Commission (CNV) reported the first placement of medium impact negotiable obligations under its public offering regime with automatic authorisation, using the simplified process introduced for low and medium impact issuances. The transaction was a USD MEP-denominated issuance with a 36-month tenor and a fixed rate of 9.5% nominal per annum, placed up to the maximum issuance amount of USD 7.0 million after receiving offers exceeding USD 7.7 million, resulting in a 78.91% allocation factor. CNV Resolution 1047 created two simplified regimes for offering securities that, due to their low or medium impact, may be totally or partially exempt from certain obligations and requirements under the general public offering regime, allowing such placements to be treated as public offerings with automatic CNV authorisation.
Argentina Securities Commission (CNV) 2025-08-22
Argentina Securities Commission reports first medium impact corporate bond issuance under automatic public offering authorization regime
The Argentina Securities Commission (CNV) announced the first medium impact negotiable obligations placement under its public offering regime with automatic authorization, using a simplified process. The USD MEP-denominated issuance, with a 36-month tenor and a 9.5% fixed rate, reached the maximum amount of USD 7.0 million after offers exceeded USD 7.7 million. CNV Resolution 1047 established simplified regimes for securities offerings that may be exempt from certain obligations, allowing automatic CNV authorization.