IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Q1 2024 Earnings Call Transcript

Matias Gaivironsky: Well, yes, definitely, we have been using the local capital market in the past years that Argentina and international market is much more complex, because of soaring debt of Argentina. But well, we saw recently some company going to international markets. So I think for good names, there is still the market open. And yes, regarding the coming amortizations that we have during the year, we will use as well the local capital market. For the international capital markets, always you need size, it’s not efficient to issue, I don’t know, less than $100 million or $150 million debt. We don’t need that amount of money. So our next transactions will be much smaller than that. So we will find — we will try to find the most efficient structure to finance our operations.

Santiago Donato: Okay. Well, with this, we conclude the presentation and the Q&A. Thank you for joining for the participation. And I will turn back to Matias Gaivironsky for his closing remarks.

Matias Gaivironsky: Thank you, Santi. We are very happy. We saw a very good quarter. We — good numbers in all the segments, malls, offices, hotels, sales and development. So we are very optimistic regarding the rest of the year. As I mentioned, although the elections always bring uncertainty, we trust in the quality of the portfolio. And we believe that we are very well prepared in terms of our corporate capital structure to face any scenario that can present in Argentina. So thank you very much for your participation, and I hope to see you in the next quarter.