At the auction on Wednesday, the BCRA awarded the total tendered among seven international first -line banks, and thus extended the amount of counterparts with respect to the operations held in the first round, in December 2024.
He Central Bank (BCRA) closed for US $ 2,000 million with international banks to swell reserves for the next review of the agreement with the International Monetary Fund (IMF).
In the auction on Wednesday, the BCRA awarded the total tendered between Seven International First Line Banksand thus extended the amount of counterparts regarding the operations arranged in the first round, in December 2024.
This operation was arranged through a passive pass (Repo) with Boppreal Titles 1-D series.
In this operation, The BCRA will pay an interest rate equivalent to the SOFR rate in US dollars plus a margin of 4.50%. This is equivalent to An annual fixed rate of 8.25%.
As explained by the monetary entity, this rate “considers the quotes of the fixed-flush rate swaps for the equivalent term, which represents a reduction of 55 basic points Regarding the estimated cost in the previous tender. “
The terms of amortization And they are identical to the Previous operationwith final expiration in April 2027.
This operation is part of the set of measures aimed at strengthening international reserves and is part of phase 3 of the program initiated on April 11.
Source: Ambito
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