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Lupatech Gets Consent to Alter Covenants

Aug 9, 2011

Creditors of Brazil’s Lupatech have agreed to adjust the payment schedule for the troubled oil valve maker’s BRL320m ($204m) in convertible 2018 bonds, as well...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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