US EditionArgentina's central bank inks $3 billion repo deal ahead of key debt payment
The Central Bank secured $3 billion through a one-year repo using Bonares bonds to strengthen reserves before a $4.3 billion debt payment, with demand exceeding $4.4 billion.
- Days before Friday's bond payment, Argentina's central bank raised $3.0 billion via a 372-day repo backed by Bonares bonds maturing in 2035 and 2038, involving six international banks.
- As part of a broader package since the current administration took office, officials said the repo rebuilds Argentina's reserves to reduce rollover risk and borrowing costs.
- Demand topped $4.3 billion, about 50% above the amount taken, with pricing at SOFR plus about 400 basis points, near 7.4% a year, and the borrower receives cash today for later repurchase.
- Short‑term reserve relief comes with repayment obligations and has sparked debate among local commentators, as the operation raises a material interest bill and the BCRA must repay or refinance $3 billion next year.
- The deal signals partial re-engagement with international lenders while preserving constraints on long-term issuance, as six international banks lent against Bonares collateral with a 372-day tenor pushing repayment into early 2027.
46 Articles
46 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
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