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Andrade Gutierrez Readies Local Bonds

May 10, 2012

The board of Brazilian builder and concession operator Andrade Gutierrez has approved a BRL600m-BRL800m ($306m-$408m) domestic bond sale, it says. The plan allows for up to 3 tranches,...

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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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