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