PRESS RELEASE

Argentina extends the term of its international debt

By
Friday, November 3, 2017

Press release by

Ministry of Finance of Argentina

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Having completed meetings with European investors in London and Frankfurt, the Argentine Republic returned to the European market with the placement of three bonds denominated in euros, including the first 30-year bond in this currency by Argentina. This shows, once again, the confidence of investors in the policies implemented by the national government.

The placement of these three bonds (maturing in five, ten and thirty years) for a total of 2.75bn euros expands the universe of institutional investors investing in the country, thus diversifying the sources of financing for the government.

The 5-year bonds had a coupon of 3.375% and 1,000 million euros were issued. For its part, the 10-year bond issue had a coupon of 5.250% and 1,000 million euros were placed. Finally, the 30-year bonds had a coupon of 6.250% and 750 million euros were issued.

The support received by the Government of President Mauricio Macri, manifested by the first European leaders, is reflected in the interest to participate in this transaction of investors of diverse origins, including Germany, Austria, Belgium, Denmark, Spain, Finland, France , Holland, Ireland, Italy, Norway, Portugal, United Kingdom, Sweden and Switzerland, among others.

During this week, meetings were held with more than 65 investors in London and Frankfurt. The transaction had a total participation of 373 investors who made offers for a total of 11,500 million euros. The conditions of the new issues are summarized below:

Instrument

INTERNATIONAL BONDS OF THE ARGENTINE REPUBLIC IN EUROS 3.375% 2023

INTERNATIONAL BONDS OF THE ARGENTINE REPUBLIC IN EUROS 5.250% 2028

INTERNATIONAL BONDS OF THE ARGENTINE REPUBLIC IN EUROS 6.250% 2047

Transmitter

Argentinian republic

Expected Rating

B3 (Moody's, positive) / B + (S & P, stable)

Rode

EUR 1,000,000,000

EUR 1,000,000,000

EUR 750,000,000

Due date

January 15, 2023

January 15, 2028

November 9, 2047

Coupon

3.375%

5.250%

6.250%

Issue Price

99,425

99,634

99,333

Date of Agreement

November 2, 2017

Settlement date

November 9, 2017

Minimum Denomination

EUR 100,000 and whole multiples of EUR 1,000 above that amount

Expected Listing and Negotiation

Luxembourg / Euro MTF / ByMA / MAE

Applicable Law

State of New York

Interest Payment Date

Payable annually on January 15 of each year until the Expiration Date

Payable annually on January 15 of each year until the Expiration Date

Payable annually on November 9 of each year until the Expiration Date

Offer Format

Registered with the Securities Exchange Commission of the USA

This press release was published using an automatic translation system.