SAO PAULO (Reuters) -The Brazilian central bank will offer up to $1 billion through two dollar auctions with repurchase agreement on September 12, the monetary authority said in a statement on Wednesday.
The simultaneous auctions aim to roll over contracts maturing on October 2, and will start on September 12 at 10:30 a.m. local time, the central bank said.
The repurchase is set for February 3 or March 3 next year, depending on the auction, the bank added.
The central bank has in recent months held auctions with repurchase agreements aiming to roll over maturities scheduled for the beginning of each month.
(Reporting by Andre Romani; Editing by Brendan O’Boyle and Natalia Siniawski)
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