Central Bank of the Republic of Argentina in $1 Billion Repo

Cleary Gottlieb represented longtime client the Central Bank of the Republic of Argentina (BCRA) in the negotiation and execution of a round of bilateral repo transactions with five international banks for an aggregate amount of $1 billion.

The transactions signed on December 30, 2024, and closed on January 3, 2025. The underlying assets to the repo transactions are newly issued BOPREAL Series 1-D bonds issued by BCRA. The transactions expire in April 2027.

These transactions, with instruments issued by the BCRA as underlying assets, constitute a cost-efficient mechanism to enhance BCRA’s international reserves and liquidity.