Argentine Central Bank Close to $1 Billion Loan, Report Says
March 31, 2014 by Avila Capital Markets, Inc.
Argentina’s central bank may be close to securing a $1 billion loan from Goldman Sachs Group Inc. to rebuild reserves that are at a seven-year low, Pagina/12 reported today.
The loan would be for two years at a 6.5 percent annual interest rate, the Buenos Aires-based newspaper said, citing an unidentified government official. It could pave the way for a larger facility of as much as $5 billion to settle holdout creditors’ claims, the story also said.
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