{"id":11053,"date":"2026-01-08T08:59:33","date_gmt":"2026-01-08T11:59:33","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11053"},"modified":"2026-01-08T08:59:35","modified_gmt":"2026-01-08T11:59:35","slug":"%ea%b2%bd%ec%a0%9c-%ec%86%8c%ec%8b%9d-repo-%eb%8c%80%ec%b6%9c-%ea%b3%84%ec%95%bd-%ec%b2%b4%ea%b2%b0","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11053","title":{"rendered":"[\uacbd\uc81c \uc18c\uc2dd] Repo \ub300\ucd9c \uacc4\uc57d \uccb4\uacb0"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Repo \ub300\ucd9c \uacc4\uc57d \uccb4\uacb0<\/p>\n\n\n\n

\uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc218\uc694\uc77c, \uad6d\uc81c \uc740\ud589\ub4e4\uacfc \ubbf8\ud654 30\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc2e0\uaddc \ub808\ud3ec(repo\u00b7\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \ub300\ucd9c \uacc4\uc57d\uc744 \uccb4\uacb0\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4.
\uc774 \uacc4\uc57d\uc758 \ub9cc\uae30\ub294 1\ub144\uc744 \uc57d\uac04 \ub118\ub294 \uae30\uac04\uc774\uba70, \uc5f0 7.4%\uc758 \uae08\ub9ac\ub85c \uc774\ub8e8\uc5b4\uc84c\ub2e4. \uc774 \uac70\ub798\ub294 \uc77c\uc2dc\uc801\uc73c\ub85c \uc720\ub3d9\uc131\uc744 \ud655\ub300\ud558\ub294 \ud6a8\uacfc\ub97c \uac00\uc9c4\ub2e4.
\uc815\ubd80\ub294 \ub2e4\ub978 \uc7ac \uc735\uc790 \uc218\ub2e8\uc5d0 \uc811\uadfc\ud558\uae30 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc5d0\uc11c, \uc774\ubc88 \uc8fc \uae08\uc694\uc77c \uc608\uc815\ub41c 42\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud575\uc2ec \ubd80\ucc44 \uc0c1\ud658\uc744 \uc704\ud574 \uc774 \uc790\uae08\uc758 \uc77c\ubd80\ub97c \uc0ac\uc6a9\ud560 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0 \uc788\ub2e4.
\ud1b5\ud654 \ub2f9\uad6d\uc758 \uacf5\uc2dd \ubc1c\ud45c\uc5d0 \ub530\ub974\uba74, \uc774\ubc88 \ub808\ud3ec \uacc4\uc57d\uc740 \uacf5\uc2dd\uc801\uc73c\ub85c \uc774\ub984\uc774 \uacf5\uac1c\ub418\uc9c0 \uc54a\uc740 6\uac1c \uc8fc\uc694 \uad6d\uc81c \uc740\ud589\uacfc \uccb4\uacb0\ub418\uc5c8\uc73c\uba70, \ub9cc\uae30\ub294 372\uc77c, \ub2f4\ubcf4\ub85c\ub294 Bonar 2035\ub144\ubb3c\uacfc 2038\ub144\ubb3c \uad6d\ucc44\uac00 \uc0ac\uc6a9\ub418\uc5c8\ub2e4.
\uc774 \uad6d\ucc44\ub4e4\uc740 \uc911\uc559\uc740\ud589\uc774 \uc9c0\ub09c\uc8fc \uc7ac\ubb34\uccad\uacfc \uad50\ud658(swap)\ud55c \ucc44\uad8c\uc774\ub2e4.
\ucc38\uc5ec \uc740\ud589\uc73c\ub85c\ub294 \uc528\ud2f0(Citi), JP\ubaa8\uac74(JP Morgan), \uc0b0\ud0c4\ub370\ub974(Santander) \ub4f1\uc774 \ud3ec\ud568\ub418\uc5b4 \uc788\ub294 \uac83\uc73c\ub85c, \uc2e0\ubb38 \ub77c \ub098\uc2dc\uc628(La Naci\u00f3n) \uc774 \ud30c\uc545\ud588\ub2e4.
\uc774\ubc88 \uae08\uc735 \uac70\ub798\uc758 \ube44\uc6a9\uc740 \ub2ec\ub7ec \uae30\uc900 SOFR (\ub2f4\ubcf4 1\uc77c\ubb3c) \uae08\ub9ac\uc5d0 \ud3c9\uade0 400bp(4.0%p)\uc758 \uc2a4\ud504\ub808\ub4dc\ub97c \ub354\ud55c \uc218\uc900\uc73c\ub85c \ucc45\uc815\ub418\uc5c8\uc73c\uba70,
\uc774\ub294 \uc5f0 7.4%\uc758 \uae08\ub9ac\uc5d0 \ud574\ub2f9\ud55c\ub2e4.
\uacbd\uc81c\ud300\uc740 \uc774\ub7ec\ud55c \ucc28\uc785 \uc870\uac74\uc758 \uac1c\uc120\uc774
\ucd5c\uadfc \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uc758 \ud558\ub77d\uacfc \uc120\uac70 \uc774\ud6c4 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \ub354 \uc6b0\ud638\uc801\uc778 \uae08\uc735 \ud658\uacbd \ud615\uc131
\ub54c\ubb38\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.
\uc911\uc559\uc740\ud589\uc740 \uc774\ubbf8 \uc791\ub144\uc5d0 \ub9cc\uae30 2027\ub144\uc778 \uc720\uc0ac\ud55c \ub808\ud3ec \uacc4\uc57d\uc744 \ub450 \ucc28\ub840 \uccb4\uacb0\ud55c \ubc14 \uc788\ub2e4.
\uc774\ubc88 \uc785\ucc30\uc5d0\ub294 \ucd1d 44\uc5b5 \ub2ec\ub7ec\uc758 \uc81c\uc548\uc774 \uc811\uc218\ub418\uc5c8\ub294\ub370, \uc774\ub294 \ub2f9\ucd08 \ubaa9\ud45c \uae08\uc561\ubcf4\ub2e4 \uc57d 50% \ub9ce\uc740 \uc218\uc900\uc774\uc5c8\ub2e4.
\uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc911\uc559\uc740\ud589\uc740 \ucd5c\uc885\uc801\uc73c\ub85c \ubc30\uc815 \uae08\uc561\uc744 \ud655\ub300\ud558\uc9c0 \uc54a\uae30\ub85c \uacb0\uc815\ud588\ub2e4.
\uc911\uc559\uc740\ud589\uc740 “\uc218\uc694\uac00 \ub9e4\uc6b0 \ub192\uc558\uace0 \uc678\ud658\ubcf4\uc720\uc561\uc774 \uac15\ud654\ub420 \uac83\uc774\ub77c\ub294 \uc804\ub9dd\uc774 \uc788\uc5c8\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0,
\uc774\ubc88\uc5d0\ub294 \ubc30\uc815 \uaddc\ubaa8\ub97c \ub298\ub9ac\uc9c0 \uc54a\uae30\ub85c \uacb0\uc815\ud588\ub2e4\u201d\uace0 \uc124\uba85\ud588\ub2e4.
\ud1b5\ud654 \ub2f9\uad6d\uc740 “\uc8fc\uc694 \uad6d\uc81c \uc740\ud589\ub4e4\uc774 \ubcf4\uc5ec\uc900 \uac15\ud55c \uad00\uc2ec\uc740, \uad6d\uac00\uc704\ud5d8\ub3c4 \ud558\ub77d\uacfc \ud568\uaed8 \uc9c4\ud589\ub418\uace0 \uc788\ub294 \uc77c\uad00\ub418\uace0 \uc9c0\uc18d \uac00\ub2a5\ud55c \uac70\uc2dc\uacbd\uc81c \uc9c8\uc11c \ud655\ub9bd \uacfc\uc815\uacfc \ub9de\ubb3c\ub824, \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uad6d\uc81c \uc2e0\uc6a9\uc2dc\uc7a5\uc5d0 \uc815\uc0c1\uc801\uc73c\ub85c \uc811\uadfc\ud558\uace0 \uc788\ub2e4\ub294 \uc810\uc744 \uac15\ud654\ud55c\ub2e4\u201d\uace0 \ubc1d\ud614\ub2e4.
\uc774\ubc88 \uac70\ub798\ub294 \uc774\ubc88 \uc8fc \ub9cc\uae30 \ub3c4\ub798\ud558\ub294 \ubd80\ucc44 \uc0c1\ud658 \ucda9\uaca9\uc744 \uc644\ud654\ud558\uace0, \uc678\ud654 \uc720\ub3d9\uc131\uc744 \ubcf4\ub2e4 \uc5ec\uc720 \uc788\uac8c \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uacf5\uac04\uc744 \uc81c\uacf5\ud55c\ub2e4\ub294 \uc810\uc5d0\uc11c \uc911\uc694\uc131\uc774 \ud06c\ub2e4.
\uc911\uc559\uc740\ud589\uc740 \uc774\ubc88 \uc2e0\uaddc \ub808\ud3ec\uac00 \u201c\uc2dc\uc7a5 \uc870\uac74 \ud558\uc5d0\uc11c \uae08\uc735 \uc870\ub2ec \uc218\ub2e8\uc5d0 \uc811\uadfc\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uacfc,
\uc790\uc0b0\u00b7\ubd80\ucc44\ub97c \ud6a8\uc728\uc801\uc73c\ub85c \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uc5ed\ub7c9\uc744 \uc7ac\ud655\uc778\ud574 \uc900\ub2e4\u201d\uace0 \ud3c9\uac00\ud588\ub2e4.
\uc774\ubc88 \uc870\uce58\ub294 1\uc6d4 9\uc77c \uae08\uc694\uc77c \uc608\uc815\ub41c 42\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud575\uc2ec \ubd80\ucc44 \uc0c1\ud658\uc744 \uc55e\ub454 \uc2dc\uc810\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc84c\ub2e4.
\uacf5\uc2dd \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, 1\uc6d4 2\uc77c \uae30\uc900 \uc7ac\ubb34\ubd80\uc758 \ub2ec\ub7ec \uc608\uae08\uc740 16\uc5b5 8,900\ub9cc \ub2ec\ub7ec\uc600\uc73c\uba70,
\uc5ec\uae30\uc5d0 \ucf54\ub9c8\uc6b0\uc5d0(Comahue) \uc218\ub825\ubc1c\uc804\uc18c \ubbfc\uc601\ud654\ub85c \uc720\uc785\ub41c 5\uc5b5 \ub2ec\ub7ec\uac00 \ucd5c\uadfc \ucd94\uac00\ub418\uc5c8\ub2e4.
1\uc6d4 9\uc77c\uc5d0\ub294 \uad6d\ucc44\uc758 \uc774\uc790 \ubc0f \uc6d0\uae08 \uc0c1\ud658\uc73c\ub85c \ucd1d 42\uc5b5 \ub2ec\ub7ec\uc758 \ub9cc\uae30\uac00 \ub3c4\ub798\ud55c\ub2e4.
\ub808\ud3ec(repo)\ub294 \ub2e8\uae30 \uae08\uc735 \uac70\ub798\ub85c, \uae30\uad00\uc774 \uc790\uc0b0\uc744 \ub9e4\ub3c4\ud55c \ub4a4 \ubbf8\ub798\uc758 \ud2b9\uc815 \uc2dc\uc810\uc5d0 \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c \ub2e4\uc2dc \uc0ac\ub4e4\uc774\ub294 \uc870\uac74\uc744 \uc57d\uc18d\ud558\ub294 \ubc29\uc2dd\uc774\uba70, \uc2e4\uc9c8\uc801\uc73c\ub85c\ub294 \ub2f4\ubcf4\uac00 \uc124\uc815\ub41c \ub300\ucd9c\uacfc \uac19\uc740 \uad6c\uc870\ub2e4.
\uc911\uc559\uc740\ud589\uc740 \uc9c0\ub09c\ud574\uc5d0\ub3c4
1\uc6d4\uc5d0 10\uc5b5 \ub2ec\ub7ec(\uc5f0 8.8%),
6\uc6d4\uc5d0 20\uc5b5 \ub2ec\ub7ec(\uc5f0 8.25%)
\uaddc\ubaa8\uc758 \ub808\ud3ec \uacc4\uc57d\uc744 \uccb4\uacb0\ud55c \ubc14 \uc788\uc73c\uba70, \ub450 \uac74 \ubaa8\ub450 2027\ub144 \ub9cc\uae30\uc600\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

Repo \ub300\ucd9c \uacc4\uc57d \uccb4\uacb0 \uc544\ub974\ud5e8\ud2f0\ub098 \uc911\uc559\uc740\ud589(BCRA)\uc740 \uc218\uc694\uc77c, \uad6d\uc81c \uc740\ud589\ub4e4\uacfc \ubbf8\ud654 30\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc2e0\uaddc \ub808\ud3ec(repo\u00b7\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c) \ub300\ucd9c \uacc4\uc57d\uc744 \uccb4\uacb0\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4.\uc774 \uacc4\uc57d\uc758 \ub9cc\uae30\ub294 1\ub144\uc744 \uc57d\uac04 \ub118\ub294 \uae30\uac04\uc774\uba70, \uc5f0 7.4%\uc758 \uae08\ub9ac\ub85c \uc774\ub8e8\uc5b4\uc84c\ub2e4. \uc774 \uac70\ub798\ub294 \uc77c\uc2dc\uc801\uc73c\ub85c \uc720\ub3d9\uc131\uc744 \ud655\ub300\ud558\ub294 \ud6a8\uacfc\ub97c \uac00\uc9c4\ub2e4.\uc815\ubd80\ub294 \ub2e4\ub978 \uc7ac \uc735\uc790 \uc218\ub2e8\uc5d0 \uc811\uadfc\ud558\uae30 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc5d0\uc11c, \uc774\ubc88 \uc8fc \uae08\uc694\uc77c \uc608\uc815\ub41c 42\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud575\uc2ec \ubd80\ucc44 \uc0c1\ud658\uc744 \uc704\ud574 \uc774 \uc790\uae08\uc758 \uc77c\ubd80\ub97c \uc0ac\uc6a9\ud560 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0 \uc788\ub2e4.\ud1b5\ud654 \ub2f9\uad6d\uc758 \uacf5\uc2dd \ubc1c\ud45c\uc5d0 \ub530\ub974\uba74, \uc774\ubc88 \ub808\ud3ec \uacc4\uc57d\uc740 \uacf5\uc2dd\uc801\uc73c\ub85c \uc774\ub984\uc774 \uacf5\uac1c\ub418\uc9c0 \uc54a\uc740 6\uac1c \uc8fc\uc694 \uad6d\uc81c \uc740\ud589\uacfc \uccb4\uacb0\ub418\uc5c8\uc73c\uba70, \ub9cc\uae30\ub294 372\uc77c, \ub2f4\ubcf4\ub85c\ub294 Bonar 2035\ub144\ubb3c\uacfc 2038\ub144\ubb3c \uad6d\ucc44\uac00 \uc0ac\uc6a9\ub418\uc5c8\ub2e4.\uc774 \uad6d\ucc44\ub4e4\uc740 \uc911\uc559\uc740\ud589\uc774 \uc9c0\ub09c\uc8fc \uc7ac\ubb34\uccad\uacfc \uad50\ud658(swap)\ud55c \ucc44\uad8c\uc774\ub2e4.\ucc38\uc5ec \uc740\ud589\uc73c\ub85c\ub294 \uc528\ud2f0(Citi), JP\ubaa8\uac74(JP Morgan), \uc0b0\ud0c4\ub370\ub974(Santander) \ub4f1\uc774 \ud3ec\ud568\ub418\uc5b4 \uc788\ub294 \uac83\uc73c\ub85c, \uc2e0\ubb38 \ub77c \ub098\uc2dc\uc628(La Naci\u00f3n) \uc774 \ud30c\uc545\ud588\ub2e4.\uc774\ubc88 \uae08\uc735 \uac70\ub798\uc758 \ube44\uc6a9\uc740 \ub2ec\ub7ec \uae30\uc900 SOFR (\ub2f4\ubcf4 1\uc77c\ubb3c) \uae08\ub9ac\uc5d0 \ud3c9\uade0 400bp(4.0%p)\uc758 \uc2a4\ud504\ub808\ub4dc\ub97c \ub354\ud55c \uc218\uc900\uc73c\ub85c \ucc45\uc815\ub418\uc5c8\uc73c\uba70,\uc774\ub294 \uc5f0 7.4%\uc758 \uae08\ub9ac\uc5d0 \ud574\ub2f9\ud55c\ub2e4.\uacbd\uc81c\ud300\uc740 \uc774\ub7ec\ud55c \ucc28\uc785 \uc870\uac74\uc758 \uac1c\uc120\uc774\ucd5c\uadfc \uad6d\uac00\uc704\ud5d8\uc9c0\uc218\uc758 \ud558\ub77d\uacfc \uc120\uac70 \uc774\ud6c4 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0 \ub354 \uc6b0\ud638\uc801\uc778 \uae08\uc735 \ud658\uacbd \ud615\uc131\ub54c\ubb38\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.\uc911\uc559\uc740\ud589\uc740 \uc774\ubbf8 \uc791\ub144\uc5d0 \ub9cc\uae30 2027\ub144\uc778 \uc720\uc0ac\ud55c \ub808\ud3ec \uacc4\uc57d\uc744 \ub450 \ucc28\ub840 \uccb4\uacb0\ud55c \ubc14 \uc788\ub2e4.\uc774\ubc88 \uc785\ucc30\uc5d0\ub294 \ucd1d 44\uc5b5 \ub2ec\ub7ec\uc758 \uc81c\uc548\uc774 \uc811\uc218\ub418\uc5c8\ub294\ub370, \uc774\ub294 \ub2f9\ucd08 \ubaa9\ud45c \uae08\uc561\ubcf4\ub2e4 \uc57d 50% \ub9ce\uc740 \uc218\uc900\uc774\uc5c8\ub2e4.\uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc911\uc559\uc740\ud589\uc740 \ucd5c\uc885\uc801\uc73c\ub85c \ubc30\uc815 \uae08\uc561\uc744 \ud655\ub300\ud558\uc9c0 \uc54a\uae30\ub85c \uacb0\uc815\ud588\ub2e4.\uc911\uc559\uc740\ud589\uc740 “\uc218\uc694\uac00 \ub9e4\uc6b0 \ub192\uc558\uace0 \uc678\ud658\ubcf4\uc720\uc561\uc774 \uac15\ud654\ub420 \uac83\uc774\ub77c\ub294 \uc804\ub9dd\uc774 \uc788\uc5c8\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0,\uc774\ubc88\uc5d0\ub294 \ubc30\uc815 \uaddc\ubaa8\ub97c \ub298\ub9ac\uc9c0 \uc54a\uae30\ub85c \uacb0\uc815\ud588\ub2e4\u201d\uace0 \uc124\uba85\ud588\ub2e4.\ud1b5\ud654 \ub2f9\uad6d\uc740 “\uc8fc\uc694 \uad6d\uc81c \uc740\ud589\ub4e4\uc774 \ubcf4\uc5ec\uc900 \uac15\ud55c \uad00\uc2ec\uc740, \uad6d\uac00\uc704\ud5d8\ub3c4 \ud558\ub77d\uacfc \ud568\uaed8 \uc9c4\ud589\ub418\uace0 \uc788\ub294 \uc77c\uad00\ub418\uace0 \uc9c0\uc18d \uac00\ub2a5\ud55c \uac70\uc2dc\uacbd\uc81c \uc9c8\uc11c \ud655\ub9bd \uacfc\uc815\uacfc \ub9de\ubb3c\ub824, \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uad6d\uc81c \uc2e0\uc6a9\uc2dc\uc7a5\uc5d0 \uc815\uc0c1\uc801\uc73c\ub85c \uc811\uadfc\ud558\uace0 \uc788\ub2e4\ub294 \uc810\uc744 \uac15\ud654\ud55c\ub2e4\u201d\uace0 \ubc1d\ud614\ub2e4.\uc774\ubc88 \uac70\ub798\ub294 \uc774\ubc88 \uc8fc \ub9cc\uae30 \ub3c4\ub798\ud558\ub294 \ubd80\ucc44 \uc0c1\ud658 \ucda9\uaca9\uc744 \uc644\ud654\ud558\uace0, \uc678\ud654 \uc720\ub3d9\uc131\uc744 \ubcf4\ub2e4 \uc5ec\uc720 \uc788\uac8c \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uacf5\uac04\uc744 \uc81c\uacf5\ud55c\ub2e4\ub294 \uc810\uc5d0\uc11c \uc911\uc694\uc131\uc774 \ud06c\ub2e4.\uc911\uc559\uc740\ud589\uc740 \uc774\ubc88 \uc2e0\uaddc \ub808\ud3ec\uac00 \u201c\uc2dc\uc7a5 \uc870\uac74 \ud558\uc5d0\uc11c \uae08\uc735 \uc870\ub2ec \uc218\ub2e8\uc5d0 \uc811\uadfc\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uacfc,\uc790\uc0b0\u00b7\ubd80\ucc44\ub97c \ud6a8\uc728\uc801\uc73c\ub85c \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uc5ed\ub7c9\uc744 \uc7ac\ud655\uc778\ud574 \uc900\ub2e4\u201d\uace0 \ud3c9\uac00\ud588\ub2e4.\uc774\ubc88 \uc870\uce58\ub294 1\uc6d4 9\uc77c \uae08\uc694\uc77c \uc608\uc815\ub41c 42\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud575\uc2ec \ubd80\ucc44 \uc0c1\ud658\uc744 \uc55e\ub454 \uc2dc\uc810\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc84c\ub2e4.\uacf5\uc2dd \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, 1\uc6d4 2\uc77c \uae30\uc900 \uc7ac\ubb34\ubd80\uc758 \ub2ec\ub7ec \uc608\uae08\uc740 16\uc5b5 8,900\ub9cc \ub2ec\ub7ec\uc600\uc73c\uba70,\uc5ec\uae30\uc5d0 \ucf54\ub9c8\uc6b0\uc5d0(Comahue) \uc218\ub825\ubc1c\uc804\uc18c \ubbfc\uc601\ud654\ub85c \uc720\uc785\ub41c 5\uc5b5 \ub2ec\ub7ec\uac00 \ucd5c\uadfc \ucd94\uac00\ub418\uc5c8\ub2e4.1\uc6d4 9\uc77c\uc5d0\ub294 \uad6d\ucc44\uc758 \uc774\uc790 \ubc0f \uc6d0\uae08 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