Mortgage Loans: Government Launches Second Tender of the FGS and Expands Who Will Be Able to Access
5 Articles
5 Articles
The new auction will be for $200 billion and, unlike the first, the funds will no longer be limited exclusively to those who buy their first home.
On Tuesday, the Central Bank convened a new auction for $200 billion from the Sustainability Guarantee Fund. Banks receiving these funds will have to allocate them to first-time housing loans with terms of at least 15 years and a maximum rate of UVA+7.5%.
The new auction will be for $200 billion.
The BCRA reported the new parameters for the new tender. In the first one, bids were received above that amount.
The government of Javier Milei is preparing to resume the plan of ARS$2 billion that Luis Caputo has designed to promote an upturn of mortgage credits in Argentina via funds from the Guarantee Fund of Sustainability (FGS) of the ANSeS. Almost a month after the first auction, the Argentine Central Bank (BCRA) will carry out in the next few days, on the account and order of the FGS, the second tender of fixed deadlines to give anchor to banks, acc…
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