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International bonds: Cordoba (city), 7.875% 29sep2024, USD (XS1496112407)

StatusCountry of riskMaturity (option)
Amount i
This field shows outstanding face value amount for outstanding bonds
Issue ratings (M/S&P/F)
outstandingArgentina**/**/****150,000,000 USD***/***/***
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Issue information

BorrowerCordoba (city)
Bond typeCoupon bonds
Placement methodOpen subscription
Placement typePublic
Issue purposeShow
Issue purpose
The gross proceeds from the offering of the notes, before commissions and other transaction fees and expenses payable by the City, will be U.S.$150,000,000. Pursuant to City Ordinance No. 12,517, the City intends to use the net proceeds from the offering of the notes, after payment of commissions and other transaction fees and expenses to: (i) improve the City?s debt profile by paying existing secured indebtedness for an amount of approximately U.S.$50 million (including the bridge loan entered into with Banco Santander R?o S.A., an affiliate of the Dealer Manager); (ii) paving and repaving works for an aggregate amount of approximately U.S.$45 million; (iii) purchase and install LED lights throughout the City for an aggregate amount of approximately U.S.$25 million; (iv) add value to certain central spots of the City for an aggregate amount of approximately U.S.$12 million; (v) construct an underground path in Plaza Espafia zone for an aggregate amount of approximately U.S.$12 million; and (vi) construct two educational parks for an aggregate amount of approximately U.S.$6 million, as further described in “The City Economy – Infrastructure Initiatives.” 28 THE CITY OF CoRDOBA Introduction The City of Cordoba, the capital of the Province of Cordoba, is the second largest city in Argentina (after the city of Buenos Aires) with an area of 576 square kilometers and 1,329,604 inhabitants, according to the 2010 National Census. The following map illustrates the location of the Province and the City: History and Heritage Before the Spanish conquest, various tribes lived in the region which now constitutes the Province, most notably the Comechingones and Sanavirones. “Cordoba de las Provincias de la Nueva Andaluc?a” was founded by Don Jeronimo Luis de Cabrera on July 6, 1573 on a site that had been inhabited by the Comechingones tribe.
Par amount, integral multiple1,000 USD
Nominal of international bonds1,000 USD
Minimum settlement amount150,000 USD
Outstanding principal amount150,000 USD
Amount150,000,000 USD
Outstanding face value amount150,000,000 USD
Placement date**/**/****
Maturity date**/**/****
Redemption price100%
Floating rateNo
Coupon Rate*.***%
Current coupon rate7.875%
Day count fraction***
ACI*** (10/14/2019)
Coupon frequency2 time(s) per year
Interest accrual date**/**/****
ListingLuxembourg S.E.

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Cbonds Valuation
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
:

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
CBONDS ESTIMATION
i
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715.
The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/.
10/10/2019*** / *** (*** / ***)*** (***)******Archive
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Bond Quotes by Market Participants

Market participantDate and timeBid/ask or last price
(Yield)
Anonymous participant 2010/11/2019**.*
(**.**)
BCP Securities10/11/2019**.* / **.*
(**.** / **.**)
Anonymous participant 3110/10/2019**.* / **.*
(**.** / **.**)
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Stock exchange and OTC quotes

Trading floorDate and timeBid/ ask price (Yield)
Indicative price (Yield) i
Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
G-spread
T-spread, bp i
T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
LUXEMBOURG S.E.10/09/2019*** / *** (*** / ***)*** (***)******Archive
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Bond classification

Subordinated
Sinkable bond
Perpetual
Convertible
Structured product
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Non-Marketable Securities

Identifiers

ISIN / ISIN RegSXS1496112407
Common Code / Common Code RegS149611240
CFI / CFI RegSDBFNBR
FIGI / FIGI RegSBBG00DW0S193
WKN / WKN RegSA186V4
TickerCORDOB 7.875 09/29/24

Primary placement

Issuer rating on issue date (M/S&P/F)***/***/***
Placement**/**/****
Initial issue price (yield)***% (*.**%)
Settlement Duration*.**

Participants

Bookrunner: Banco Santander
Issuer Legal Adviser (International law): DLA Piper Ukraine
Issuer Legal Adviser (Domestic law): Cordova Francos
Arranger Legal Adviser (International law): Skadden, Arps, Slate, Meagher & Flom
Arranger Legal Adviser (Domestic law): Bruchou, Fernandez Madero & Lombardi
Paying agent: Bank of New York Mellon
Trustee: Bank of New York Mellon

Payment schedule

*****

Coupon dateCoupon, %Coupon payment amount, USDPool factorRedemption of principal, USD
Show previous
1**/**/*****.****,***.***
2**/**/*****.****,***.***
3**/**/*****.****,***.***
4**/**/*****.****,***.***
5**/**/*****.****,***.***
6**/**/*****.****,***.***
7**/**/*****.****,***.***
8**/**/*****.****,***.***
9**/**/*****.****,***.***
10**/**/*****.****,***.***
11**/**/*****.****,***.***
12**/**/*****.****,***.***.*******,***
13**/**/*****.****,***.**.*****
14**/**/*****.****,***.**.*******,***
15**/**/*****.****,***.***.*****
16**/**/*****.****,***.*****,***
Show following
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Early redemption terms

*****

DateOption typeOption styleBenchmark spread, b.p.Until datePrice
Show previous
**/**/****callMake-Whole Call****/**/****
Show following
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Issue ratings

Cordoba (city), 7.875% 29sep2024, USD

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (foreign curr.)09/03/2019
Moody's Investors Service ***/***LT- foreign currency09/03/2019
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Issuer ratings

Cordoba (city)

Rating AgencyRating / OutlookScaleDate
Fitch Ratings***/***LT Int. Scale (local curr.)09/03/2019
Fitch Ratings***/***LT Int. Scale (foreign curr.)09/03/2019
Fix Scr - affiliate of Fitch***/***LT foreign currency rating08/12/2019
Fix Scr - affiliate of Fitch***/***LT local currency rating08/12/2019
Moody's Investors Service ***/***LT- foreign currency09/03/2019
Moody's Investors Service ***/***LT- local currency09/03/2019
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