An Obligor may issue Bonds whose holders shall have pre-emptive right to subscribe in any capital increase. Such issue shall take place for who may desire during a maximum period of fifteen Business Days from the date of notifying the same to Bondholders. The Pre-emptive Right shall be limited to subscription in Shares, whose par value does not exceed the value of Bonds owned by who uses such right, unless the Prospectus of shares of capital increase stipulates otherwise.