WSJ: Argentina in $6 Billion Repo Loan Deal With Six Banks

BUENOS AIRES—Argentina on Thursday closed a deal to borrow $6 billion in 18-month loans from six international banks, Finance Minister Luis Caputo said.

The deal, which substantially reduces the country’s need to sell bonds this year, comes just before Mr. Caputo and other officials will travel abroad to promote the issuance of up $7 billion next Thursday.

Under the deal, Argentina will borrow $1 billion each from Santander, BBVA Frances, Citibank, Deutsche Bank, HSBC and J.P. Morgan, paying an interest rate of Libor plus 290 basis points.

The full article is available here.

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