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Article: Brazil:Central Bank accepts R$14bil in securitized papers.
- Article from:
- South American Business Information
- Article date:
- October 23, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Oct 22, 2001
The Brazilian Central Bank may accept R$14.1bil of securitized credit of the Treasury as payment for the sale of state owned financial institutions. The banks Itau, Bradesco, Unibanco and ABN Amro Real were pre-selected for the auction of BEG (Banco do Estado de Goais). In the Paraiban (Banco da Paraiba) auction, the ABN, Bradesco, Itau and BNG were selected. The bidders may use up to 90% of the securitized papers and a minimum of 10% in national ...
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