Abgeschickt von engländer am 23 Januar, 2006 um 16:59:12:
FOR IMMEDIATE RELEASE January 18, 2006
PROVINCE OF BUENOS AIRES ANNOUNCES
SUCCESSFUL SETTLEMENT OF EXCHANGE OFFER
LA PLATA, ARGENTINA: The Province of Buenos Aires (the “Province”) today announced
that, pursuant to the terms of its global offer (the “Offer”) to exchange U.S.$ 2.7 billion of its
outstanding debt securities (the “Existing Bonds”) for three new series of bonds (collectively, the
“New Bonds”), it has cancelled all of the Existing Bonds duly tendered and accepted in the Offer and
issued approximately U.S.$ 2.31 billion equivalent in aggregate principal amount of New Bonds,
which have been released to the relevant clearing systems for credit to the accounts of tendering
holders of Existing Bonds.
The Offer, as previously announced, was made on the terms and subject to the conditions set
forth in the offering memorandum dated October 28, 2005 (the “Offering Memorandum”). Eligible
creditors holding approximately 94% of the aggregate principal amount of the Existing Bonds
participated in the Offer. Settlement of the Offer began on January 12, 2006, as contemplated by the
Offering Memorandum.
Each series of New Bonds issued pursuant to the Offer has been accepted for listing on the
Buenos Aires Stock Exchange and the Mercado Abierto Electrónico, and will be listed on the
Luxembourg Stock Exchange.
This press release is not an offer for sale of securities of the Province of Buenos Aires in the
United States. The New Bonds may not be offered or sold in the United States absent registration or
an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities
Act”). The Province of Buenos Aires does not intend to register any portion of the offering of the New
Bonds under the Securities Act in the United States or to conduct a public offering of the New Bonds in
the United States. Copies of this release are not being, and should not be, distributed or sent in the
United States.
Not for Distribution in the United States