On April 16, the Ministry of Economy issued Resolution No. 136-2020-EF/52, approving the hiring of Citigroup Global Markets Inc. to act as financial advisor in the issuance of external bonds to finance the Balance of Payments Support for the current fiscal year, for an amount equivalent to up to USD 3 million.
The amortization service, interest and other expenses incurred by the bonds issued will be met by the Ministry of Economy from the budgetary resources allocated to the payment of the public debt service, in accordance with the provisions of these regulations. The amounts will be determined by a Directorial Resolution issued by the General Directorate of the Public Treasury.
It is worth mentioning that the resolution establishes that the format of the global bonds will be registered with the Securities and Exchange Commission of the United States of America or another securities commission to be determined.