Argentina secured a $3 billion loan from a group of international banks to help cover a foreign debt payment due in two days and replenish the country’s depleted coffers.
The central bank reached a one-year repurchase agreement — or repo — with the lenders at a rate of 7.4%, it said in a statement early Wednesday.
Six international banks took part in the deal, according to two people familiar with the matter who asked not to be identified discussing private information.