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“We are embarking on a programme of liability adjustment, partly focused on reducing our dollar exposure. We’re now rolling over only 75% of maturing debt, and we’ve exercised the call option on the Brady bonds.” |
Brazil plans to confine its recently announced tax breaks for foreign investors to local currency government securities, says treasury secretary Joaquim Levy. The exemption means that international investors will still have to pay tax on income when buying local corporate bonds.
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