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Santander Brazil Surrenders 4.41% to Qatari Bondholder

Jan 10, 2012

Spain’s Banco Santander has transferred roughly 4.41% of its Santander Brasil subsidiary to a Qatari government vehicle holding its convertible bonds, exercising an option to covert the notes ahead of schedule as it looks to meet capital requirements....

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management