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Brady bonds

   Also found in: Wikipedia 0.03 sec.
Brady bonds
Bonds issued by emerging countries under a debt reduction plan.
Brady bonds
Dollar-denominated bonds of developing countries backed by zero-coupon U.S. Treasury securities. Although no longer in use, Brady bonds were issued in exchange for defaulted commercial bank loans.


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? Mentioned in ? References in periodicals archive
 
CURRENCIES: The Brazilian real rallied to a 10-month high last week amid hopes for a sovereign bond sale or retirement of old Brady bonds, which carry memories of debt defaults.
General outlook by Pro Farmer
THE CARACAS STOCK EXCHANGE is trading in new financial instruments linked to Brady bonds, international stocks and other government debt.
The Caracas Stock Exchange. (Venezuela) by Dempsey, Mary A. / Latin Trade
Collateralized foreign currency Par and Discount Brady bonds to 'CCC+/RR3' from 'B/RR3';
Fitch Downgrades Ecuador's Sovereign Ratings to 'CCC'; Watch Negative by Business Wire
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