Bopreal is a bond through which the Central Bank seeks to cancel the debt contracted with importers. The bond yields 18% annually in dollars and an average of US$15 million is traded daily in this market.
Some banks are offering it to their retail clients to purchase from homebanking. But is this a truly attractive opportunity? Opinions in the City are divided, with some saying it is a good alternative to the Bonares/Globales instrument, which is a Central Bank risk.