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)
“Oh! I have slipped the surly bonds of earth,
And danced the skies on laughter-silvered wings ...
And while with silent lifting mind I’ve trod
The high, untrespassed sanctity of space,
Put out my hand and touched the face of God.”
—John Gillespie Magee (c. 1922–1941)