US EditionArgentina’s Central Bank Uses $3 Billion Repo To Shore Up Reserves
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37 Articles
Argentina obtained 3 billion dollars in a repo operation with international banks, guaranteeing the payment of debt of 4.3 billion.
Argentina achieved a million-dollar financing on Wednesday from international banks, which ensures that it has the necessary resources to deal next Friday with a maturity of debt with private creditors of about US$4.3 billion. The financing, amounting to US$3 billion, was realized through an operation of ‘repo’ or ‘report’ through which a group of international banks lend the funds to the Argentine Central Bank, which gives as collateral to thos…
Argentina’s Central Bank Uses $3 Billion Repo To Shore Up Reserves
Key Points The BCRA raised $3.0 billion via a 372-day repo backed by Bonares bonds maturing in 2035 and 2038. Pricing is SOFR plus about 400 basis points, which the bank said works out near 7.4% a year. Demand topped $4.4 billion, around 50% above the amount taken, days before a roughly $4.2–$4.3 billion debt […]
Argentina concluded a loan with six international banks for $3 billion this Wednesday, in an operation that strengthens the country's international reserves at a time when it faces debt maturities next Friday, the central bank (BCRA) reported.
The Central Bank of the Argentine Republic (BCRA) announced the agreement with 6 international banks for the realization of a REPO, a debt operation by
Two days after the first and multimillion dollar debt maturities that will have to face in 2026, Argentina announced on Wednesday an agreement with six international banks that will lend it 3 billion dollars. It is a passive pass operation –known as a repo –, agreed to a year and with a rate of 7.2%. The funds will be used to feed the scarce foreign exchange reserves of the Central Bank of the Republic (BCRA).Continue reading
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