Brazil's central bank announces $1 billion dollar auction with repurchase deal
SAO PAULO, May 26 (Reuters) - Brazil's central bank said on Monday it will hold an up to $1 billion dollar auction with repurchase agreement on May 27, aimed at rolling over contracts maturing in July.
The auction will start at 10:30 a.m. (local time) on Tuesday, the central bank said.
The offer will be settled on July 2, while the repurchase is set for September 3, according to the monetary authority.
The central bank's most recent dollar auction with repurchase agreement had happened in late March.
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