Brazil’s central bank will auction $3 billion in dollars with repurchase terms to refinance March 6 debt. The auction will occur Tuesday from 10:30 to 10:35 AM, marking the third such auction in 2023.
The Central Bank of Brazil announced that it is set to conduct a dollar auction on Tuesday, offering up to $3 billion with an associated repurchase agreement. This auction aims to refinance debt that is due on March 6. According to the bank’s statement, the auction will occur from 10:30 AM to 10:35 AM local time, and the repurchase is scheduled for October 2. This will mark the third dollar auction involving a repurchase agreement by the bank in 2023.
In summary, Brazil’s central bank is holding a $3 billion dollar auction with a repurchase agreement to address upcoming debt obligations. This auction indicates ongoing efforts to manage government debt and stabilize the currency market. The timing and structure of the deal reflect the central bank’s proactive approach to maintaining financial stability.
Original Source: www.marketscreener.com
