Argentina’s central bank has secured a $3bn loan from six major international banks, allowing the cash-strapped nation to make a big looming debt payment and boost its scarce dollar reserves.
The monetary authority said on Wednesday it had agreed a one-year repurchase agreement at a 7.4 per cent annual interest rate with “six top international banks”, without naming them.
The deal comes ahead of a $4.2bn debt payment Argentina must make to bondholders on Friday.
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