SAO PAULO (Reuters) – The Brazilian central bank announced on Tuesday it will offer a total of up to $4 billion through dollar auctions with repurchase agreement on Wednesday and Thursday, selling a maximum of $2 billion on each day.
The bank said in statements that the deals aim to roll over contracts expiring on April 2.
The bank’s previous currency intervention took place last month, and also aimed to roll over contracts.
The auctions – two each day – will be held between 10:30 a.m. and 10:35 a.m. local time, according to the bank, while the repurchase is scheduled for August 4 or September 3, depending on the auction.
(Reporting by Andre Romani; Editing by David Alire Garcia)
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