Offering Memorandum
OFFERING MEMORANDUM The Province of Buenos Aires (A Province of Argentina) USD 750,000,000 10.875% Notes Due 2021 The Province will pay interest on the Notes on January 26 and July 26 of each year, beginning July 26, 2011. The Notes will mature on January 26, 2021. The Province will pay the principal of the Notes in three installments: 33.33% on January 26, 2019, 33.33% on January 26, 2020 and 33.34% on January 26, 2021. The Notes will be direct, unconditional, unsecured and unsubordinated obligations of the Province, ranking pari passu, without any preference, among themselves and with all other present and future unsecured and unsubordinated indebtedness from time to time outstanding of the Province, except as otherwise provided by law. Application will be made to list the Notes on the Luxembourg Stock Exchange, and to have the Notes admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange, and the Province will apply to list the Notes on the Buenos Aires Stock Exchange and the Argentine Mercado Abierto Electrónico. Investing in the Notes involves risks that are described in the “Risk Factors” section beginning on page 10 of this offering memorandum. Price to investors: 97.916%, plus accrued interest, if any, from January 26, 2011. The Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any other jurisdiction. Unless they are registered, the Notes may be offered only in transactions that are exempt from registration under the Securities Act or the securities law of any other jurisdiction.
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