Cresud schedules 33% principal payment on Series XLII notes in ARS
Rhea-AI Filing Summary
Cresud S.A.C.I.F. y A. announced the payment schedule for its Series XLII Fixed Rate Notes (original principal USD 30,045,566, due 2026). The company will start paying the first capital installment on October 6, 2025, covering 33% of principal (USD 9,915,036.78), with the payment recorded to noteholders registered as of October 3, 2025. The notes carry an annual nominal interest rate of 0.00%, so no interest payment is due. The payment agent is Caja de Valores S.A. and the payment currency is ARS (Argentine Pesos).
Positive
- Principal repayment scheduled and quantified: First installment equal to 33% of principal (USD 9,915,036.78) will be paid on October 6, 2025.
- No interest cash outflow: Notes carry an annual nominal interest rate of 0.00%, so no interest payment is due.
Negative
- Payment currency is ARS: Although outstanding capital is stated in USD (USD 30,045,566), the payment will be made in Argentine Pesos (ARS), which may affect holders relying on USD settlement.
- Partial principal repayment reduces outstanding balance: After this installment, the outstanding principal will be reduced by 33%, affecting remaining amortization schedule.
Insights
TL;DR: Scheduled principal repayment of 33% on Series XLII notes is proceeding on time; no interest due given 0% coupon.
The filing confirms an on-schedule capital amortization for Series XLII Fixed Rate Notes amounting to USD 9.915m, with effective payment on October 6, 2025 and record date October 3, 2025. The notes show a 0.00% coupon, so investors receive principal only. Payment will be processed via Caja de Valores S.A. and will be made in ARS despite the outstanding capital being quoted in USD; this currency detail is important for holders monitoring settlement mechanics and FX settlement risk.
TL;DR: This is a routine, material cashflow event for creditors: scheduled principal amortization with specified agent and dates.
The report provides clear operational details: amount, fraction of principal (33%), exact USD figure for capital to be paid, zero interest due, and administrative dates. These specifics allow treasury and noteholders to prepare settlement. The use of ARS as payment currency while outstanding capital is presented in USD is a contractual operational detail relevant to settlement processing and accounting.
