| Debt Securities |
The following is a breakdown of the Global Programs for the Issuance of Debt securities outstanding: | | | | | | | | | | | | | | | | | | | Company | Authorized
Amount(*) | Type of Debt Securities | Program
Term | Approval Date
by
Shareholders’
Meeting | CNV Approval | | Grupo Financiero Galicia S.A. | US$ | 100,000 | | Simple debt securities not convertible into shares | 5 years | 03.09.09 confirmed on 08.02.12 | Resolution No. 16113 dated 04.29.09 and extended by Resolution No. 17343 dated 05.08.14, Provision No. DI-2019-63-APN-GE#CNV dated 08.06.19 and Provision No. DI-2024-47-APN-GE#CNV dated 06.18.24. Authorization of Increase, Resolution No. 17,064 dated 04.25.13 | | Banco de Galicia y Buenos Aires S.A.U. | US$ | 2,100,000 | | Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. | 5 years | 04.28.05, 04.14.10, 04.29.15, 11.09.16 and 04.28.20 | Resolution No. 15228 dated 11.04.05 and extended through Resolution No. 16454 dated 11.11.10 and Resolution No. 17883 dated 11.20.15 and Resolution No. DI-2020-53-APN-GE#CNV dated 11.24.20. Increase of the amount approved by Resolutions No. 17883 dated 11.20.15, No. 18081 dated 06.10.16, No. 18480 dated 01.26.17 and No. 19520 dated 05.17.18 | | Banco de Galicia y Buenos Aires S.A.U. | US$ | 1,000,000 | | Simple debt securities not convertible into shares
| — | 04.25.19 | Frequent Issuer Registration No. 11, granted by Resolution No. RESCFC-2019-2055-APN-DIR#CNV, dated 11.13.19 of CNV´s Board of Directors. Decrease in the amount approved by resolution No. DI-2023-23-APN-GE#CNV dated 05.24.23. Increase in the amount approved by resolution No. DI-2024-23-APN-GE#CNV dated 04.26.24. | | Tarjeta Naranja S.A.U. | US$ | 1,000,000 | | Simple debt securities, not convertible into shares | 5 years | 03.08.12 | Resolution No. 15220 dated 07.14.05 and extended through Resolution No. 17676 dated 05.21.15 and No. DI2020-20-APNGE#CNV dated 03.18.20. Increase of the amount approved by Resolutions No. 15.361 dated 03.23.06, 15.785 dated 11.16.07, 16.571 dated 05.24.11, 16.822 dated 05.23.12 and 19.508 dated 05.10.18 | | Tarjeta Naranja S.A.U. | US$ | 250,000 | | Simple debt securities, not convertible into shares | — | 05.19.22 | Frequent Issuer Registration, granted by Resolution No.DI-2022-39-APN-GE#CNV, dated 07.22.22 of CNV´s Board of Directors |
(*) Or its equivalent in any other currency. The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2024, net of repurchases of Own Debt: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Company | Placement
Date | Currency | Class
N° | Face Value | Term | Maturity
Date | Rate | Book
Value(*) as
of 12.31.24 | | Banco de Galicia y Bs.As. S.A.U. | 09.17.24 | Ps. | XIV | 44,640,963 | | 6 months | 05.08.25 | Badlar + 4.50% | 49,237,385 | | | Banco de Galicia y Bs.As. S.A.U. | 09.17.24 | Ps. | XV | 42,106,850 | | 6 months | 03.31.25 | Badlar + 3.95% | 50,411,430 | | | Banco de Galicia y Bs.As. S.A.U. | 12.02.24 | Ps. | XVIII | 23,476,247 | | 147 days | 04.30.25 | 3.00% | 25,062,331 | | | Banco de Galicia y Bs.As. S.A.U. | 12.20.24 | Ps. | XX | 35,088,750 | | 12 months | 12.27.25 | Tamar + 2.70% | 34,776,605 | | | Tarjeta Naranja S.A.U. | 02.05.24 | Ps. | LXI | 35,000,000 | | 366 days | 02.05.25 | Badlar + 3.50% | 39,366,856 | | | Tarjeta Naranja S.A.U. | 08.26.24 | Ps. | LXII | 35,000,000 | | 270 days | 05.23.25 | Badlar + 5.50% | 32,631,030 | | | | | | | | | | | | | | | | | | | | | Banco de Galicia y Bs.As. S.A.U. | 10.03.24 | US$ | XVI | 325,000 | | 48 months | 10.10.28 | 7.75 | % | 365,522,460 | | | Banco de Galicia y Bs.As. S.A.U. | 11.01.24 | US$ | XVII | 83,478 | | 177 days | 04.30.25 | 2.00 | % | 92,525,950 | | | Banco de Galicia y Bs.As. S.A.U. | 12.02.24 | US$ | XIX | 97,749 | | 6 months | 06.04.25 | 4.25 | % | 108,666,563 | | | Tarjeta Naranja S.A.U. | 11.26.24 | US$ | LXIII | 179,163 | | 367 days | 11.28.25 | 6.25 | % | 199,252,580 | | | Total | | | | | | | | 997,453,190 | |
(*) It includes principal and interest. On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the “Green Bond” which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year facility, with interest payable every six months. The Green Bond has a 36-month grace period in respect of the repayment of principal, followed by payments in 9 installments due every six months. As of December 31, 2024, the carrying amount of the Green Bond totals Ps.7,582,816, and it amounted to Ps.36,732,499 as of December 31, 2023. On December 6, 24, Grupo Financiero Galicia S.A. issued a Negotiable Obligation without public offering in favor of HSBC Latin America B.V. for the amount of US$81,158 (Ps.90,975,964), which was cancelled on February 13, 2025, with the proceeds of the capital increase (See Notes 31 and 54). The Company has the following Unsubordinated Debt Securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2023, net of repurchases of Own Debt: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Company | Placement
Date | Currency | Class
N° | Face Value | Term | Maturity
Date | Rate | Book
Value(*) as
of 12.31.23 | | Tarjeta Naranja S.A.U. | 01.31.22 | Ps. | LI Serie II | 3,284,942 | | 730 days | 01.31.24 | Badlar + 6.00% | 6,508,945 | | | Tarjeta Naranja S.A.U. | 04.07.22 | Ps. | LIII Serie II | 4,192,612 | | 730 days | 04.07.24 | Badlar + 5.25% | 8,808,157 | | | Tarjeta Naranja S.A.U. | 07.05.22 | Ps. | LIV Serie II | 4,779,859 | | 730 days | 07.05.24 | Badlar + 4.99% | 14,600,241 | | | Tarjeta Naranja S.A.U. | 08.09.22 | Ps. | LV Serie II | 10,141,234 | | 548 days | 02.09.24 | Badlar + 3.00% | 14,648,626 | | | Tarjeta Naranja S.A.U. | 02.03.23 | Ps. | LVII | 12,512,200 | | 365 days | 02.03.24 | Badlar + 4.50% | 26,312,159 | | | Tarjeta Naranja S.A.U. | 04.27.23 | Ps. | LVIII | 12,214,678 | | 366 days | 04.27.24 | Badlar + 5.00% | 10,973,076 | | | Tarjeta Naranja S.A.U. | 07.27.23 | Ps. | LIX | 12,072,087 | | 366 days | 07.27.24 | Badlar + 5.00% | 29,497,346 | | | Tarjeta Naranja S.A.U. | 11.03.23 | Ps. | LX | 27,381,323 | | 366 days | 11.03.24 | Badlar + 5.00% | 56,654,197 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tarjeta Naranja S.A.U. | 03.22.22 | US$ | LII | 7,500 | | 770 days | 04.30.24 | 5 | % | 14,466,515 | | | | | | | | | | | | Total | | | | | | | | 182,469,262 | |
(*) It includes principal and interest. The repurchases of Own Debt securities as of the indicated dates are as follows: | | | | | | | | | | | | | Company | ON Class | Nominal Value as of
12.31.24 | Book Value(*) as of
12.31.24 | | Banco de Galicia y Bs.As. S.A.U. | XIV | 1,700,000 | | 2,009,480 | | | Banco de Galicia y Bs.As. S.A.U. | XV | 330,000 | | 424,380 | | | Banco de Galicia y Bs.As. S.A.U. | XVI | 311 | | 424,643 | | | Banco de Galicia y Bs.As. S.A.U. | XVII | 1,231 | | 1,617,398 | | | | | | | Banco de Galicia y Bs.As. S.A.U. | XIX | 881 | | 1,150,977 | | | Banco de Galicia y Bs.As. S.A.U. | XX | 2,250,000 | | 2,442,805 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Tarjeta Naranja S.A.U. | LXI | 854,376 | | 1,049,130 | | | Tarjeta Naranja S.A.U. | LXII | 1,027,871 | | 1,163,427 | | | Tarjeta Naranja S.A.U. | LXIII | 848 | | 1,107,952 | | | Total | | | 11,390,192 | |
(*) It includes principal and interest. | | | | | | | | | | | | | Company | ON Class | Nominal Value as of
12.31.23 | Book Value(*) as of
12.31.23 | | Tarjeta Naranja S.A.U. | LI Serie II | 97,911 | | 277,526 | | | Tarjeta Naranja S.A.U. | LIII Serie II | 50,000 | | 152,600 | | | Tarjeta Naranja S.A.U. | LIV Serie II | 83,000 | | 252,957 | | | Tarjeta Naranja S.A.U. | LV Serie II | 50,000 | | 136,937 | | | Tarjeta Naranja S.A.U. | LVII | 50,000 | | 138,899 | | | Tarjeta Naranja S.A.U. | LVIII | 49,625 | | 141,540 | | | Tarjeta Naranja S.A.U. | LIX | 2,026,702 | | 5,791,335 | | | Tarjeta Naranja S.A.U. | LX | 7,665,541 | | 21,521,279 | | | | | | | | | | | | | | | | | | | | | | | Total | | | 28,413,073 | |
(*) It includes principal and interest. Related-party information is disclosed in Note 51.
|