Loading...
Market
Story
Argentina's Central Bank Secures $1 Billion REPO from Five International Banks at 8.8% for Two Years and Four Months
Jan 3, 2025, 06:48 PM
The Central Bank of Argentina (BCRA) has secured a $1 billion repurchase agreement (REPO) with five international banks to bolster its foreign reserves. The operation, announced on Friday, involves a fixed annual interest rate of 8.8% over a term of two years and four months and uses BOPREAL Serie 1-D titles as collateral. The participating banks include BBVA, Santander, J.P. Morgan, ICBC, and Citi. The BCRA received offers totaling $2.850 billion during the initial auction on December 27, but chose to limit the loan to $1 billion due to favorable reserve developments and excess demand. This move is part of the BCRA's strategy to enhance its liquidity in foreign currency at a lower cost than previously available options, and it aims to facilitate the gradual lifting of currency restrictions.
View original story
Similar markets
No • 50%
Yes • 50%
35% to 40% • 25%
Above 40% • 25%
Below 30% • 25%
30% to 35% • 25%
Above 160% • 25%
Below 120% • 25%
120% to 140% • 25%
140% to 160% • 25%
Below 10% • 25%
Above 30% • 25%
20% to 30% • 25%
10% to 20% • 25%
Other • 25%
Increase foreign reserves • 25%
Support currency stabilization • 25%
Infrastructure development • 25%
30% to 35% • 25%
Above 35% • 25%
Below 25% • 25%
25% to 30% • 25%
Santander • 25%
JPMorgan • 25%
Citi • 25%
BBVA • 25%
Below 500 points • 25%
701 to 900 points • 25%
Above 900 points • 25%
500 to 700 points • 25%