Entre Rios Agosto 2016 Dollar Linked Fixed Income Report Sales and Trading: Juan Jose Aldazabal Estanislao Diaz Saubidet (5411) 4328 5000 (5411) 4328 5000 [email protected] [email protected] Javier Gourdy Allende Jorge A. Oteiza (5411) 4328 5000 (5411) 4328 5000 [email protected] [email protected] 07 November 2014 1- Entre Rios 2016 (ERG16) Security Description Payment Schedule Security Information Entre Rios 2016 (DL) Issue: 2013-08-06 Capital: 100 Asset Class Provincial From: To: Coupon Value Date 2014-11-07 2013-11-06 2014-05-06 Int: 4.8% Settlement Date 2014-11-12 2014-08-06 2016-05-06 Int: 4.8% - Amort: 11% 2016-08-06 2016-08-06 Int: 4.8% - Amort: 12% Asset Name ISIN Quote Currency ARPENR030597 ARS Country Argentina Legislation Argentina Flow Currency Flow Indexed by Date ARS USD Callable No Coupon Description Coupon Last Payment 2014-11-07 ARS 12.0680 Last Amortization 2014-11-07 ARS 11.0000 Last Interest 2014-11-07 ARS 1.0680 Next Payment 2015-02-06 11.9360 x USD(ref.) Next Amortization 2015-02-06 11.0000 x USD(ref.) Next Interest 2015-02-06 0.9360 x USD(ref.) Rate Type Fixed Frequency Semi-Anual Maturity 2016-08-08 Day Count Day Count Settlement On 2014-11-12 Security Analysis Price 650 Dirty Price 650 Yield 7.14% M. Duration 0.93 Spread Tech Value Accrued Int. November 7, 2014 6.7 664.31 0.06 Residual Value Parity Capital Int 78.0% 97.85 0 Banco Comafi - Research Department 2- Entre Rios 2016 (ERG16) Price-Yield Sensitivity Analysis 695.948 0.50 692.543 1.00 689.168 1.50 685.822 2.00 682.505 2.50 679.217 3.00 675.956 3.50 672.723 4.00 669.518 660 0.00 666.34 5.00 663.189 5.50 660.064 6.00 656.965 6.50 653.893 7.00 650.846 7.14 650 7.50 647.824 8.00 644.828 8.50 641.856 9.00 638.909 9.50 635.986 10.00 633.087 10.50 630.211 11.00 627.359 11.50 624.531 12.00 621.725 12.50 618.942 13.00 616.181 13.50 613.443 14.00 610.726 14.50 608.031 November 7, 2014 620 4.50 640 $ Price 680 Sensitivity Table Yield 0 5 10 15 % Banco Comafi - Research Department 3- Entre Rios 2016 (ERG16) Future Cashflow Date 2015-02-06 2015-05-06 2015-08-06 2015-11-06 2016-02-08 2016-05-06 2016-08-08 November 7, 2014 11.9360 11.8040 11.6720 11.5400 11.4080 11.2760 12.1440 x x x x x x x Coupon USD(ref.) USD(ref.) USD(ref.) USD(ref.) USD(ref.) USD(ref.) USD(ref.) Past Cashflow Date 2013-11-06 2014-02-06 2014-05-06 2014-08-06 2014-11-07 1.2000 1.2000 1.2000 12.2000 12.0680 x x x x x Coupon USD(ref.) USD(ref.) USD(ref.) USD(ref.) USD(ref.) Banco Comafi - Research Department