Good morning and welcome to the edenor First Quarter 2020 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Leandro Montero, CFO of Edenor. Please go ahead.

Thank you very much. Good morning, everyone and welcome to edenor's earnings conference call for the first quarter 2020. As we usually do, first we will focus on the main events that recently took place, and then briefly review the result of the quarter. As you know, you can always call in a member of our team for more details on the result of the period or any doubts you may have.So given the unique circumstances the world is facing due to the Coronavirus outbreak, I'd like to first acknowledge the extraordinary effort our staff is making to continue giving service to users while maintaining high-quality and security standards. With that said, we will far focus through recent events that measures taken by the company, the government and regulatory agencies regarding the COVID-19 pandemic, to later focus on other events.On March 12, the National Executive Branch declared health emergency the risk posed to the COVID-19 outbreak, then implemented a series of measures to decrease the movement of population, providing for a social, preventive and mandatory isolation consisting of different stages as of March 20, only allowing movement by persons as stated with the provision of essential products and services, including Edenor and other companies making up the energy production cycle.Within the framework of this public emergency, Edenor has focused all its efforts on the actions necessary to protect and care for the health of its employees, suppliers and customers, with it, the continuity of the public service of energy distribution, so relevant and key to coping with the mandatory social isolation.In this context, the company set up COVID-19 Crisis Committee, which included specialist counselors on the matter for the creation of a Contingency or Business Continuity Plan attending the recommendations issued by specialists and official regulations.The implemented measures include the…

Thank you. We will now begin the question-and-answer session. [Operator Instructions] Our first question comes from Gary Lundgren with Inter Pacific Investors. Please go ahead.

Yes. The question I have is, does Edenor plan in the future to repurchase it's nine and three quarters of 2022 bonds in open market purchases at these lower levels, because it's to me there's maybe no better deployment of the company's liquidity than repurchasing this debt to the extent that it can be repurchased at these deep discounts. And I just want to know if there are plans -- future plans to do this with either the company's liquidity or possibly lines of credit, or credit that's available from other sources. That's all.

Hi, Gary. Thank you for your question. Well, we don't have any plan, as I mentioned before, we are in a delicate situation because of the lack of tariff increase. And now the COVID-19 outbreak implies a new challenge because of the reduction in connection or increasing in delinquency. And so we are being very careful with our cash flows. Of course, if we have the option in the future to obtain additional credit, it could be a possible option but it's not in our plans by the moment. But, we are open to make a small transaction if there's any opportunity, but we don't have a current plan to repurchase our debt.

[Operator Instructions] At this time, there are no further questions, I would like to turn the call back over to Leandro Montero for any closing remarks.

Okay. Thank you very much. I personally hope that you and your families are doing well and to manage to get around this difficult and challenging situation. Have a good day.

The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.