Argentina Signs $3 Billion Repo With Banks Ahead of Debt Payment

Argentina struck a repurchase agreement, or repo, with a group of banks totaling $3 billion to help cover a $4.3 billion sovereign-debt payment due on Jan. 9, according to a...

By Ignacio Olivera Doll, David Feliba · Bloomberg Markets

Argentina struck a repurchase agreement, or repo, with a group of banks totaling $3 billion to help cover a $4.3 billion sovereign-debt payment due on Jan. 9, according to a central bank statement.