BRADY BONDS BOOSTED BY PROSPECT OF IMF DEAL

Business | December 13, 2001, Thursday // 00:00

Bulgarian Brady Bonds marked an increase on December 12, following IMF representatives’ optimism for a new agreement with the International Monetary Fund, Reuters reported. The investors’ interest in the bonds went up as Krassimir Katev, Deputy Finance Minister, announced that an IMF deal including some USD 150 M a year is very likely to be signed. “There is still positive momentum on an expectation of an IMF deal,” Tim Ash, debt strategist at Bear Stearns in London, said, quoted by Reuters.
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