Instrumentos de Renta Fija 07 November 2014 1- 07 November 2014 Bonos en Dolares con Legislacion Argentina Vencimiento Proximo Cupon Paridad Precio Precio Venta Precio Sucio TNA TNA Venta Mod. Duration (1MM) 2015-10-05 2015-04-03 95.28% 96.00 96.25 96.00 12.73 12.42 0.83 79 Spread sobre Treasuries 12.44 Bonar X 2017 (AA17) 2017-04-17 2015-04-17 90.56% 91.00 91.25 91.00 11.58 11.46 2.13 194 10.64 Bonar 2024 (AY24) 2024-05-07 2015-05-07 93.57% 93.68 94.10 93.68 10.07 9.98 4.96 465 8.02 Disc USD Leg. Arg (DICA) 2034-01-02 2014-12-31 83.14% 82.63 83.00 120.11 10.69 10.63 7.27 873 8.09 Par USD Leg. Arg (PARA) 2038-12-31 2015-03-30 47.65% 47.50 49.00 47.79 9.35 9.09 11.64 556 6.45 DV01 Activos Boden 2015 (RO15) DV01 1 Bonos en Dolares con Legislacion New York Spread sobre Treasuries 13.21 Vencimiento Proximo Cupon Paridad Precio Precio Venta Precio Sucio TNA TNA Venta Mod. Duration (1MM) 2017-06-02 2014-12-02 89.04% 92.50 93.00 92.50 14.21 13.95 2.09 193 Disc USD Leg. NY (DICY) 2034-01-02 2014-12-31 89.95% 92.68 93.25 129.94 10.24 10.15 7.08 920 7.63 Disc USD NY Canje 2034-01-02 2014-12-31 86.62% 89.25 89.75 125.13 10.77 10.69 6.92 866 8.17 Par USD Leg. NY (PARY) 2038-12-31 2015-03-30 55.34% 55.50 56.00 55.50 8.28 8.21 11.92 661 5.38 Activos Global 2017 (GL17) 1 Rendimiento 14 15 Spread sobre Treasuries Global 2017 (GL17) 14 Global 2017 (GL17) 12 13 Boden 2015 (RO15) Boden 2015 (RO15) Spread 11 TNA Bonar X 2017 (AA17) Disc Disc USD USD NY Leg.Canje Arg (DICA) 10 12 Bonar X 2017 (AA17) Disc USD NY Canje Bonar 2024 (AY24) Disc USD Leg. Arg (DICA) 10 8 Disc USD Leg. NY (DICY) Bonar 2024 (AY24) Disc USD Leg. NY (DICY) Par USD Leg. Arg (PARA) 6 9 Par USD Leg. Arg (PARA) 8 Par USD Leg. NY (PARY) Bonos USD Leg Arg. Bonos USD Leg. NY 0 Par USD Leg. NY (PARY) Bonos USD Leg Arg. Bonos USD Leg. NY 2 4 6 8 Duration 1 Spread sobre la curva de bonos del tesoro americano. 10 12 0 2 4 6 8 10 12 Duration Banco Comafi - Research Department 2- 07 November 2014 Bonos con CER PRO 12 (PR12) 2016-01-04 Proximo Pago 2014-12-03 BOGAR (NF18) 2018-02-05 2014-12-04 Activos Vencimiento Valor Tecnico 50.60 Valor Residual 11.0 % Paridad 97.32% 49.25 Precio Venta 49.50 166.30 38.4 % 91.85% 152.75 153.50 Precio DV01 Mod. Duration 0.53 (1MM) 7.01 TNA Venta 6.07 7.46 7.14 1.51 231 TNA 26 PRO 13 (PR13) 2024-03-15 2014-11-17 335.40 94.2 % 73.57% 246.75 247.00 9.63 9.60 3.70 912 Disc Pesos+CER (DICP) 2034-01-02 2014-12-31 380.40 100.0 % 69.14% 263.00 264.00 10.07 10.03 8.02 2110 Par Pesos+CER (PARP) 2038-12-31 2015-03-30 293.68 100.0 % 31.67% 93.00 95.00 9.34 9.18 13.48 1254 11 12 Rendimiento 10 Disc Pesos+CER (DICP) PRO 13 (PR13) 9 8 TNA Par Pesos+CER (PARP) BOGAR (NF18) 6 7 PRO 12 (PR12) 0 2 4 6 8 10 12 14 Duration Ars Bonds DV01 BOCAN 2015 (AS15) 2015-09-10 Proximo Pago 2014-12-10 98.61% 42.08 Precio Venta 42.35 27.44 TNA Venta 26.07 6.15 Mod. Duration 0.49 BOCAN 2016 (AS16) 2016-09-29 2014-12-29 102.64 100.0 % 94.51% 97.00 97.25 26.42 26.24 5.24 1.45 141 BOCAN 2017 (AM17) 2017-03-28 2014-12-29 102.70 100.0 % 94.26% 96.80 97.50 25.89 25.45 4.76 1.74 169 BOCAN 2019 (AMX9) 2019-03-11 2014-12-11 103.83 100.0 % 92.46% 96.00 96.50 26.10 25.88 4.94 2.55 245 Pro15 (PR15) 2022-04-04 2015-01-05 179.37 100.0 % 83.04% 148.95 148.95 25.22 25.22 4.16 3.11 463 Activos Vencimiento * TNA: Tasa nominal anual compuesta semestral. Valor Tecnico 42.67 Valor Residual 33.4 % Paridad Precio TNA Spread (1MM) 21 Banco Comafi - Research Department 3- 07 November 2014 Bonos Dollar Linked BONO NACION 2016 (BONAD16) 2016-10-28 Next Payment 2015-04-28 City of Buenos Aires 2016 (BDC16) 2016-05-09 City of Buenos Aires 2016 (BD4C6) 2016-11-28 City of Buenos Aires 2018 (BDC18) City of Buenos Aires 2019 (BDC19) City of Buenos Aires 2019 (BD2C9) Bonds Int: 1.75% Residual Value 100.0 % 2015-05-11 Int: 7.95% 2014-11-27 Int: 0.4% 2018-03-15 2015-03-16 2019-05-17 2014-11-17 2019-12-20 2014-12-22 Maturity 868.00 Offer Price 870.00 100.0 % 905.00 910.00 0.50 0.12 100.0 % 825.00 830.00 1.97 1.67 Int: 3.98% 100.0 % 872.50 875.00 3.21 3.09 Int: 3.98% 100.0 % 860.00 865.00 4.27 4.07 Int: 1.95% 100.0 % 768.50 770.00 4.98 Current Coupon Price YTM 0.76 Offer YTM 0.64 Mod. Duration 1.93 DV01 197 Spread over Treasuries 0.02 1.45 155 -0.04 2.02 196 1.19 2.43 249 2.20 2.96 299 3.01 4.92 3.58 323 3.53 2.79 (1MM) City of Buenos Aires 2020 (BDC20) 2020-01-28 2015-01-28 Int: 1.95% 100.0 % 785.00 790.00 4.26 4.09 3.70 341 Entre Rios 2016 (ERG16) 2016-08-08 2015-02-06 Int: 4.8% - Amort: 11% 78.0 % 650.00 660.00 7.14 5.51 0.93 71 6.70 Entre Rios 2016 (ERD16) 2016-12-27 2014-12-29 Int: 2.25% - Amort: 11% 100.0 % 805.00 810.00 7.66 7.08 1.05 100 7.11 Buenos Aires 2015 (PBF15) 2015-02-09 2015-02-09 Int: 4.24% - Amort: 100% 100.0 % 840.00 845.00 14.44 11.84 0.23 22 14.48 Chubut 2019 (PUO19) 2019-10-21 2015-01-21 Int: 4% 100.0 % 854.00 858.00 3.97 3.81 2.82 283 2.73 4.79 Mendoza 2016 (PMY16) 2016-05-30 2014-11-28 Int: 3% - Amort: 11.11% 77.8 % 655.00 660.00 5.17 4.17 0.76 58 Mendoza 2018 (PMO18) 2018-10-30 2015-01-30 Int: 2.75% - Amort: 5.88% 94.1 % 750.00 755.00 6.14 5.80 1.92 169 5.14 Mendoza 2018 (PMD18) 2018-12-18 2014-12-18 Int: 2.75% - Amort: 5.92% 100.0 % 800.00 805.00 6.41 6.09 1.91 179 5.38 Neuquen 2016 (NDG1) 2016-06-13 2014-12-12 Int: 3% - Amort: 11.11% 77.8 % 670.00 680.00 2.12 0.31 0.81 64 1.74 Neuquen 2018 (NDG21) 2018-11-12 2015-01-28 Int: 3.9% 100.0 % 842.00 850.00 4.50 4.05 2.06 204 3.50 YPF 2014 (OYP15) 2014-12-05 2014-12-05 Int: 2.5% - Amort: 50% 50.0 % 421.00 426.00 31.91 11.17 0.06 3 30.87 YPF 2015 (OYP18) 2015-04-30 2015-01-30 Int: 0.1% 100.0 % 880.00 890.00 -7.00 -9.35 0.47 49 -7.14 YPF 2020 (YPCNO) 2020-07-29 2015-01-29 Int: 3.5% 85.7 % 755.00 760.00 2.40 2.18 3.02 268 0.99 * TNA: Tasa nominal anual compuesta semestral. Banco Comafi - Research Department 4- 07 November 2014 Bonos Provinciales en Dolares Activos City of Buenos Aires 2015 DV01 Vencimiento Proximo Cupon Paridad Precio Precio Venta Precio Sucio TNA TNA Venta Mod. Duration (1MM) 2015-04-06 2015-04-06 101.04% 101.05 101.80 102.30 9.77 7.85 0.38 39 Spread sobre Treasuries 9.73 Bs As 2015 2015-10-05 2015-04-06 96.05% 96.00 96.70 97.21 16.71 15.82 0.80 78 16.41 Bs As Discount USD 2017-04-17 2015-04-15 95.08% 95.05 96.30 47.87 13.23 12.19 1.24 59 12.57 Mendoza 2018 2018-09-04 2015-03-04 87.88% 87.75 89.50 34.23 12.42 11.34 1.79 61 11.41 City of Buenos Aires 2017 2017-03-01 2015-03-02 102.06% 102.10 102.90 104.06 8.83 8.45 2.01 209 7.94 Cordoba 2017 2017-08-17 2015-02-17 93.59% 93.40 94.50 96.32 15.36 14.84 2.18 210 14.31 Chubut 2020 2020-07-01 2015-01-02 99.65% 99.65 100.80 64.23 7.96 7.49 2.41 155 6.65 Neuquen 2021 2021-04-26 2015-01-26 99.25% 99.25 100.70 78.68 8.22 7.70 2.75 217 6.77 Bs As 2018 2018-09-14 2015-03-16 90.64% 90.50 91.60 92.01 12.55 12.16 3.04 280 11.16 Bs As 2021 2021-01-26 2015-01-26 93.60% 93.40 94.40 96.60 12.63 12.35 3.68 356 10.91 Bs As 2028 2028-04-18 2015-04-20 88.28% 88.20 89.40 88.84 11.42 11.22 6.73 598 8.90 Bs As Par USD 2035 2035-05-15 2014-11-17 58.76% 57.95 59.20 59.92 9.99 9.74 7.96 477 7.36 1 18 Bonos Provinciales en Dolares 16 Bs As 2015 14 Cordoba 2017 Bs As Discount USD Bs As 2021 Bs As 2018 12 10 TNA Mendoza 2018 Bs As 2028 Bs As Par USD 2035 City of Buenos Aires 2015 City of Buenos Aires 2017 6 8 Neuquen 2021 Chubut 2020 0 2 4 6 8 Duration * TNA: Tasa nominal anual compuesta semestral. Banco Comafi - Research Department 5- 07 November 2014 Bonos Corporativos - USD Aeropuertos 2000 2020 2020-12-01 2014-12-01 Int: 10.25% - Amort:1.0% Valor Residual 85.0 % Alto Palermo 2017 2017-05-11 2015-05-11 Int: 7.875% 100.0 % Arcor 2017 2017-11-09 2015-05-11 Int: 7.25% 100.0 % 106.15 107.00 5.01 4.71 -25.00 NO 2.68 285 Tarjeta Naranja 2017 2017-01-30 2015-01-28 Int: 9% - Amort:33% 100.0 % 100.30 101.30 8.69 7.80 8.69 NO 1.08 111 8.04 Bco Galicia 2018 2017-11-06 2015-05-04 Int: 8.75% 100.0 % 100.60 101.60 8.49 8.11 YES 2.58 260 7.38 Bco Galicia 2019 2019-01-02 2015-01-02 Int: 11% - Capit: 5% 76.2 % 108.30 109.30 13.49 13.21 YES 3.15 378 12.01 Bco Hipotecario 2016 2016-04-27 2015-04-27 Int: 9.75% 100.0 % 100.90 102.00 9.08 8.27 NO 1.33 135 8.54 Bco Macro 2017 2017-02-01 2015-02-02 Int: 8.5% 100.0 % 98.45 99.70 9.25 8.62 NO 1.94 195 8.40 Bco Macro 2036 2036-12-18 2014-12-18 Int: 9.75% 100.0 % 90.65 91.80 10.45 10.30 10.45 NO 7.80 738 7.78 Edenor 2022 2022-10-25 2015-04-27 Int:9.75% 100.0 % 70.75 72.00 16.47 16.11 16.47 NO 4.81 342 14.29 HDPA 2017 2017-07-03 2015-01-12 Int: 9.0% 75.0 % 97.55 98.80 10.66 9.79 10.66 ? 1.41 107 9.91 IEBA 2017 2017-09-26 2014-12-29 Int: 6.5% 100.0 % 41.50 45.00 45.11 41.15 ? 1.98 84 43.85 IRSA 2017 2017-02-02 2015-02-02 Int: 8.5% 100.0 % 100.80 101.80 8.07 7.58 NO 1.95 201 7.22 IRSA 2020 2020-07-20 2015-01-20 Int: 11.5% 100.0 % 112.50 113.50 8.66 8.45 NO 4.11 477 6.87 PanAmerican 2021 2021-05-07 2015-05-07 Int: 7.875% 100.0 % 106.70 107.40 6.40 6.25 NO 4.44 474 4.62 2.04 Activos Vencimiento Proximo Cupon Cupon Corriente TNA TNA Venta 107.60 8.19 7.97 8.13 NO 2.51 233 Spread sobre Treasuries 6.82 99.80 8.49 7.97 8.49 NO 2.22 219 7.54 3.89 Precio Precio Venta 107.00 98.65 YTW -37.25 4.73 Cash Sweep Mod. Duration DV01 (1MM) Petrobras 2017 2017-05-15 2014-11-17 Int: 5.875% 100.0 % 106.95 107.50 2.98 2.76 NO 2.28 250 Raghsa 2017 2017-02-16 2015-02-16 Int: 8.5% 100.0 % 97.80 99.80 9.87 8.60 NO 1.55 155 9.15 TGS 2017 2017-05-15 2014-11-14 Int: 7.875% 75.0 % 98.80 100.00 8.76 7.87 8.76 NO 1.31 101 8.03 NO 3.41 360 7.88 14.73 NO 0.90 66 14.09 TGS 2020 2020-05-14 2014-11-14 Int: 9.625% 100.0 % 100.65 101.90 9.44 9.10 Transener 2016 2016-12-15 2014-12-15 Int: 8.875% - Amort:25% 75.0 % 94.50 96.00 14.73 13.06 YPF 18 8.875 2018-12-19 2014-12-19 Int: 8.875% 100.0 % 105.15 105.70 7.39 7.24 NO 3.31 360 5.95 YPF 24 8.75 2024-04-04 2015-04-06 Int: 8.75% 100.0 % 103.15 103.60 8.22 8.15 NO 5.90 614 5.97 * TNA: Tasa nominal anual compuesta semestral. Banco Comafi - Research Department
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