Brazil’s cenbank announces $3 billion dollar auction with repurchase deal on Tuesday

SAO PAULO (Reuters) – Bazil’s central bank will offer up to $3 billion in a dollar auction with a repurchase agreement on Tuesday morning to roll over debt due on March 6, it said on Monday.

The auction will take place from 10:30am to 10:35am local time, the central bank added, noting the repurchase is set for October 2.

The deal will be the third auction with a repurchase agreement held by the central bank this year.

(Reporting by Andre Romani and Fabricio de Castro; Editing by Brendan O’Boyle)