Brady bonds are dollar-denominated bonds, issued mostly by Latin American countries in the late 1980s. The bonds were named after U.S. Treasury Secretary Nicholas Brady, who proposed a novel debt-reduction agreement for developing countries.
Read more about Brady Bonds: History, Types, Current Status
Famous quotes containing the words brady and/or bonds:
“Billy: What did you do when you were little?
Ted: I guess about the same things you do.
Billy: Did you watch The Brady Bunch?”
—Robert Benton (b. 1932)
“My Christian friends, in bonds of love, whose hearts in sweetest union join,
Your friendship’s like a drawing band, yet we must take the parting hand.
Your company’s sweet, your union dear; Your words delightful to my ear,
Yet when I see that we must part, You draw like cords around my heart.”
—John Blain (18th century)