Wall Street giant reveals reserved figures on loan of up to US$3,000 million for Argentina to pay its debt


Bopreal BCRA bonds appear to be the most advantageous for securing the operation as they are quoted at a much higher parity than Treasury securities.

In the closing race financial program for 2025 he Government negotiates these days and loan known for short in the jargon as REPO (repurchase agreement) between 2.5 billion USD and 3 billion USD dollars for face debt repayments which will expire next January and July. A deal that would involve the Spanish bank Santander and a row entities from Wall Street which have not yet disclosed their talks with the Argentine government, would effectively cease pending a final decision, according to sources consulted with the Argentine government. Infobae.

A proposal that circulated among close entities negotiations It is a summary of the conditions that the parties agree on. The amount in question that would be received Argentina on the way loan belongs among 2.5 billion USD and 3 billion USD. The sources consulted asked not to disclose the name of the bank.

As confirmed Infobaean alternative to closing a REPO is advanced and it is an alternative that the government is considering. It’s one of several options. However, there will be no announcement until the deal is done.

He act It would not be done with the Ministry of Finance, but the recipient of the debt would be the central bank. This detail has its practical side, because as a guarantee -the minor– bonds issued by this entity will be used, Bonds for the Reconstruction of Free Argentina (BOPREAL) which is issued by the Argentine Monetary Authority.

And this can be related to properties the loan itself. AND REPO It is a short-term debt agreement in which the borrower enters on behalf of the creditors and guaranteeusually composed of debt securities. Placing government bonds at a time when country risk is hovering around 1,300 points would make the operation almost impossible. The government bonds, Global and Bonaresthey are quoted at such a discount that their value is very low and therefore of very little use as collateral.

Instead, Bopreales They are titles of a different nature. They will expire during the term of President Javier Milea and are issued BCRAentity that never defaulted. This means they are listed on the secondary market at a much lower discount.: while short Global has a parity of around 60%, and Boreal turns around 78 percent.

The terms and conditions sent out by the foreign bank also add that level cover what does it offer guarantee It must be 60% of the loan value. That is the amount in Boprealesmeasured in market value that Central should add. And, of course, to increase the guarantee in the event of a decrease in the market value in the case of the price Central market securities are falling.

Other key data who announced flask has to do with rate who will pay central bank for that debt. Mid-teen respectso between 13% and 17% return in dollars.

AND somewhat bitter aftertaste. But these are the conditions in today’s market for Argentinasources are supported.

I find it a bit ugly that the double digit number applies, but that’s how it is.” said a source familiar with the talks. The terms are acceptable to the participating banks, this media has learned, and the deal is ready to be signed. All that remains is to make the final decision.

Economía has as one possible alternative to restore reserves and help cover financing needs, to carry out REPOs with three international banks. According to the agencies, one of them is Spain’s Santander. The names of the other participating banks have not yet been confirmed.

Official sources They have already confirmed to this media in the past their interest in exploring this financing option.. Spokespeople for the Ministry of Economy did not deny the content of the report termsheet but they preferred not to comment on questions from Infobae.





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