To better understand the bank's actions with the bond and its financial implications, consider the following scenario:

A bank acquires a bond on the date it issues an interest payment. Subsequently, the bank enters into a repurchase agreement (repo) three months later to swiftly raise funds. The specifics of this transaction are as follows:

• Notional amount (USD): 100,000
• Semi-annual coupon rate: 5%
• Current market price of the bond (USD): 98
• Repo haircut percentage: 5%
• Repo interest rate: 3%

Assuming this repo agreement is scheduled to conclude in six months, determine the bank's anticipated cash outflow at the termination of the repo deal.