Colombia's central bank bank to use repurchase worth $3.9b.

July 28, 2012 05:10

BOGOTA - Colombia's central bank will use a 23-day repurchase agreement (repo) worth 7 trillion pesos ($3.9 billion) to boost liquidity in the market, it said on Friday.

The auction will take place on Monday between 11:30 a.m. (1630 GMT) and 11:45 a.m. local time and will have an interest rate of between 5 percent and 6 percent.

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