Brady bonds

Brady bonds investment & finance definition
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.

Brady bonds are Dollar denominated bonds, named after U.S. Treasury Secretary Nicholas Brady Bonds, traded on the international bond market, allowing emerging countries to transform nonperforming debt into Brady bonds.

Brady bonds: securities issued by foreign governments as part of a debt-restricting program initiated by former U.S. Treasury Secretary Nicholas Brady.

Brady bonds
Bonds issued by emerging countries under a debt reduction plan.
Branch
An operation in a foreign country incorporated in the home country.

Brady bonds are denominated bonds created with a United States dollar value and supported by U.S. Treasury zero-coupon bonds. Named for U.S.

Brady bonds Named for former U.S. Treasury Secretary Nicholas Brady, Brady bonds were created to alleviate Latin America`s debt crisis in the 1980s.

Naked Dog Basket The "Basket" is a portfolio of Brady Bonds that someone issued in exchange for rescheduled debt of certain developing countries. One might suppose that some people consider such a bond to be a "Dog".

See also: Bonds, Market, Issue, Interest, Principal