The Bopreal Had Little Demand and the Bcra Could Not Dry the Square Anymore
3 Articles
3 Articles
The Central Bank (BCRA) could only place today -in its second tender- US$26 million of the series 4 of the Bonds for the Reconstruction of a Free Argentina (Bopreal).BCRA awarded US$26 million of BPO28.Today listing around US$82.That gives an implicit CCL of $ 1,460 (the 18% gap).That is approx. an ITCRM of 106.4 pic.twitter.
After awarding more than $800 million at the first auction, the Central Bank obtained a lean share in the second auction. There are still more than $2.1 billion left. Read more
In a context of growing exchange rate tension, the Central Bank (BCRA) will hold this Wednesday the second BOPREAL Series 4 tender (BPO28), with a maximum placement capacity of up to US$ 2189 million.The bond, which is subscribed to the pair and with settlement planned for July 7, is one of the main tools of the economic team to absorb market weights and reduce pressures on financial exchange rates.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
To view factuality data please Upgrade to Premium