1. Healthcare

Par Pesos + CER
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]
30 January 2015
1- Par Pesos+CER (PARP)
Security Description
Payment Schedule
Security Information
Par Pesos+CER
Issue:
2003-12-31
Capital: 100 - CER: 1.4551
Asset Class
Sovereign
From:
To:
Coupon
Value Date
2015-01-30
2004-03-31
2009-03-31
Int: 0,63%
Settlement Date
2015-02-04
2009-09-30
2019-03-31
Int: 1.18%
2019-09-30
2029-03-31
Int: 1.77%
2029-09-30
2038-09-30
( int: 2.48% - Amort: 5% )
2038-12-31
2038-12-31
( int: 2.48% - Amort: 5% )
Asset Name
ISIN
Quote Currency
ARARGE03E105
ARS
Country
Argentina
Legislation
Argentina
Flow Currency
ARS
Flow Indexed by
CER
Callable
Date
No
Coupon Description
Coupon
Last Payment
2014-09-30
ARS 1.6987
Last Amortization
2014-09-30
ARS 0.0000
Last Interest
2014-09-30
ARS 1.6987
Next Payment
2015-03-30
ARS 0.4055 x CER
Rate Type
Step-Up
Frequency
Semi-Anual
Next Amortization
2015-03-30
ARS 0.0000 x CER
Day Count
Day Count
Next Interest
2015-03-30
ARS 0.4055 x CER
Maturity
2038-12-31
Settlement On
2015-02-04
Security Analysis
Price
112.5
Dirty Price
112.5
Yield
8.32%
M. Duration
13.75
Spread
Tech Value
Accrued Int.
January 30, 2015
NA
304.13
1.23
Residual Value
Parity
Capital Int
100.0%
36.99
0
Banco Comafi - Research Department
2- Par Pesos+CER (PARP)
Price-Yield Sensitivity Analysis
137.483
7.00
135.518
7.10
133.586
7.20
131.688
7.30
129.823
7.40
127.991
7.50
126.19
7.60
124.42
7.70
122.681
7.80
120.971
7.90
119.291
120
6.90
January 30, 2015
8.00
117.64
8.10
116.018
8.20
114.423
8.30
112.855
8.32
112.5
8.40
111.314
8.50
109.799
8.60
108.31
8.70
106.847
8.80
105.408
8.90
103.993
9.00
102.603
9.10
101.236
9.20
99.891
9.30
98.57
9.40
97.271
9.50
95.993
9.60
94.737
9.70
93.501
9.80
92.287
100
110
$
Price
130
Sensitivity Table
Yield
7.0
7.5
8.0
8.5
9.0
9.5
%
Banco Comafi - Research Department
3- Par Pesos+CER (PARP)
Future Cashflow
Date
2015-03-30
2015-09-30
2016-03-30
2016-09-30
2017-03-30
2017-10-02
2018-03-30
2018-10-01
2019-04-01
2019-09-30
2020-03-30
2020-09-30
2021-03-30
2021-09-30
2022-03-30
2022-09-30
2023-03-30
2023-10-02
2024-04-01
2024-09-30
2025-03-31
2025-09-30
2026-03-30
2026-09-30
2027-03-30
2027-09-30
2028-03-30
2028-10-02
2029-03-30
2029-10-01
2030-04-01
2030-09-30
2031-03-31
2031-09-30
2032-03-30
2032-09-30
2033-03-30
2033-09-30
2034-03-30
2034-10-02
2035-03-30
2035-10-01
2036-03-31
2036-09-30
2037-03-30
2037-09-30
2038-03-30
2038-09-30
2038-12-31
January 30, 2015
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
ARS
Coupon
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.4055 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
0.6082 x CER
4.2884 x CER
4.2458 x CER
4.2031 x CER
4.1605 x CER
4.1179 x CER
4.0753 x CER
4.0327 x CER
3.9901 x CER
3.9475 x CER
3.9049 x CER
3.8623 x CER
3.8197 x CER
3.7771 x CER
3.7345 x CER
3.6918 x CER
3.6492 x CER
3.6066 x CER
3.5640 x CER
3.5214 x CER
3.4575 x CER
Past Cashflow
Date
2004-03-31
2004-09-30
2005-03-31
2005-09-30
2006-03-31
2006-10-02
2007-04-03
2007-10-01
2008-03-31
2008-09-30
2009-03-31
2009-09-30
2010-03-30
2010-09-30
2011-03-30
2011-09-30
2012-03-30
2012-10-01
2013-04-03
2013-09-30
2014-03-31
2014-09-30
Coupon
ARS 0.1588
ARS 0.3285
ARS 0.3415
ARS 0.3601
ARS 0.3820
ARS 0.3985
ARS 0.4191
ARS 0.4329
ARS 0.4534
ARS 0.4721
ARS 0.4845
ARS 0.9343
ARS 0.9844
ARS 1.0387
ARS 1.0867
ARS 1.1395
ARS 1.1929
ARS 1.2528
ARS 1.3236
ARS 1.3850
ARS 1.5154
ARS 1.6987
Banco Comafi - Research Department