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Celpa Readies Debentures for Recovery Plan

May 8, 2012

Brazilian utility Centrais Eletricas do Para (Celpa) plans to sell BRL650m ($337m) in convertible debentures as part of a bankruptcy recovery plan that also contemplates...

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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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