Overview
- The central bank executed a US$3,000 million repo to help cover roughly US$4.2–4.3 billion in sovereign bond payments due Friday.
- Terms include a 372‑day maturity with interest at SOFR plus about 400 basis points, implying an approximate 7.4% annual cost.
- The operation used BONARES 2035 and 2038 as collateral and involved six international banks after attracting about US$4.4 billion in bids.
- Despite oversubscription, the bank left the awarded amount at US$3,000 million instead of increasing the size of the deal.
- Economy Minister Luis Caputo said the move “does not imply new debt,” a message echoed by President Javier Milei, while analysts noted it signals market access but is a liquidity roll rather than a reserves boost.