Poor demand for the Breop

Poor demand for the Breop

The monetary authority awarded only US $ 9 million in the third tender of the fourth series of these bonds that seek to “more flexible and normalize the flows of the exchange regime.”

The Central Bank (BCRA) placed US $ 9 million in the third and final tender of series 4 of the bonds for the reconstruction of a free Argentina (Bopreal). In this way, in total He awarded US $ 845 million, well below the US $ 3,000 million he intended to achieve.

From the monetary authority they stated that this Bopreal series is a “Key complement in the flowing process and standardization of the exchange rate regime

“Initiated in December 2023, the different series of the Bopreal fulfilled their central objective of providing a solution that allowed companies essential role to significantly reduce inherited exchange imbalances“They said.

From PPI they explained that “given the recent dynamics of the exchange rate and the price of the 4 series series in the secondary market, currently around AU $ S81.2, this placement would imply validating a gap close to 24%, which is equivalent to an implicit CCL of approximately $ 1,580”.

News in development.-

Source: Ambito

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