Article: Brazil:Central Bank accepts R$14bil in securitized papers.

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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