The BCRA arranged reverse repos, with BOPREALs Series 1-D, for another USD2,000 million.
Today, the BCRA awarded all bids to seven leading international banks, thus increasing the number of counterparties compared to the transactions arranged in the first round in December 2024.
In this case, the BCRA will pay an interest rate equal to the SOFR-USD plus a spread of 4.50%. This is equal to an annual fixed rate of 8.25%, taking into account the price of fixed-floating interest rate swaps listed for the same term, and representing a 55 p.p. reduction compared to the estimated cost of the previous bid. The amortization and repayment terms are the same as in the previous transaction, with final maturity occurring by the end of April 2027.
This transaction is part of a set of measures aimed at strengthening international reserves, and is also part of Stage 3 of the program that began on April 11.
