Brady bond

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Brady Bond

A bond issued by the International Bank for Reconstruction and Development to Latin American countries starting in 1989 and continuing into the 1990s. It effectively refinanced the bonds issued by Latin American countries after many defaulted on their national debt in the 1980s. Many bonds issued in the region prior to this were illiquid; Brady bonds were tradable and, for that reason, were more attractive to investors. Because many of them were guaranteed by U.S. Treasury bonds, they also carried less risk. In 1999, Ecuador defaulted on its Brady bonds. However, in 2003, Mexico retired its Brady bond debt completely.

Brady bond.

These bonds of Latin American countries, named for former US Secretary of the Treasury Nicholas Brady, are issued in US dollars and backed by US Treasury zero coupon bonds.

The bonds were originally issued in exchange for commercial bank loans that were in default. Their changing prices in the secondary market reflect the level of confidence investors have in the economies of the issuing nations.

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But Tom Brady plans to brush off the boo boys tonight and guide the New England Patriots to victory in Super Bowl LII against the Eagles.
TOM BRADY plans to make short work of the New York Jets this Sunday night before New England's hit-andrun mission to Wembley.
Brady plans to use Runelandhs as a platform to launch its current line of Seton products in the region.
Brady plans to attend Amherst College, where he plans to major in biology, and Mr.
Brady plans for a total staff of 50, with about 35 in the newsroom (compared with the Post's 600 editorial employees).
But Brady plans to be cremated and wants his ashes scattered north of the Border.
After graduation, Brady plans to attend the California Institute of Technology in Pasadena, which has a strong math program.
Brady plans to aim the four-year-old for the Wokingham Stakes at Royal Ascot.
120), which included ILSA as well as the Baker and Brady plans.
Brady plans to lead an archaeological team back to the Honduran cave next summer to gather bone and charcoal samples for radiocarbon dating.
Brady plans to streamline and standardize operations to accommodate Squatty Potty's rapid growth; in just under two years since its launch, the company has shipped its toilet footstool across six continents and to all 50 U.
IAN Brady plans to publish his memoirs from beyond the grave.