Brazil's central bank to offer $1 billion in dollar auctions with repurchase deal on June 4

SAO PAULO, June 3 (Reuters) - The Brazilian central bank said on Tuesday it will offer up to $1 billion in two simultaneous dollar auctions, with repurchase agreement, to be held on Wednesday morning.

The auctions, which will aim to roll over contracts expiring on July 2, will start at 10:30 a.m. local time, the central bank said.

The settlement will happen on July 2, while the repurchases are set for August 4 and September 3, according to the monetary authority.

The fresh auctions come after the central bank sold $500 million in a similar deal last week, below the $1 billion potential , which also aimed to roll over contracts expiring on July 2.