Central Bank of the Republic of Argentina in $2 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 seven international banks for an aggregate amount of $2 billion.

The transactions signed on June 11, 2025, and closed on June 13, 2025. The underlying assets to the repo transactions are BOPREAL Series 1-D bonds issued by BCRA. The transactions expire in April 2027. This is the second round of repos with BOPREAL Series 1-D bonds as underlying asset that the BCRA enters into –the first round, for $1 billion, closed in January 2025.

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