Brady bonds are dollar-denominated bonds, issued mostly by Latin American countries in the late 1980s. The bonds were named after United States Secretary of the Treasury Nicholas F. Brady, who proposed a novel debt-reduction agreement for developing countries.
Brady bonds are dollar-denominated bonds, issued mostly by Latin American countries in the late 1980s. The bonds were named after United States Secretary of the Treasury Nicholas F. Brady, who proposed a novel debt-reduction agreement for developing countries.
Source: Wikipedia "Brady Bonds" · CC BY-SA 4.0
Share this article: X · Bluesky