Central Bank of the Republic of Argentina in $3 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 six international banks for an aggregate amount of $3 billion.

The transactions signed on January 6, 2026, and are expected to close on January 8, 2026. The underlying assets to the repo transactions are BONAR bonds due 2035 and 2038 issued by the Republic of Argentina. The transactions expire in January 2027.

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

The Cleary team included partner Ignacio Lagos and associate Martin Sasson.