Ninety-day and 180-day public debt repo offerings for September 2023

To ensure an adequate liquidity supply to the economy, Banco de la República (the Central Bank of Colombia) will continue its offering of repos with maturities of 180 and 90 days throughout September.  

The Bank will conduct auctions for 180-day repos, with a maximum cumulative value of COP 1 trillion, in addition to the amount announced on August 10. These auctions will occur on Thursdays: August 31, September 7, 14, 21 and 28. Each auction’s quota will correspond to the remaining balance until the COP 1 trillion maximum is reached, independently of the repo quota offered for other maturities (i.e., it will not follow the "cascade" scheme of repo auctions).  

Furthermore, 90-day repos will be offered daily within the usual auction framework (including 90, 30, 14, 7-day maturities, and overnight), except on Thursdays when 180-day repo auctions will occur.  

These measures aim to align primary liquidity maturity balance with the current needs of the economy, and to complement the instruments through Banco de la República provides the money supply (such as outright purchases of public debt securities and the lending standing facility).