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Brazilian Launches Liability Management

Oct 24, 2012

Brazil’s Sifco has launched a cash tender offer for its 2016 bonds, and plans a new 2018 bond of up to $200m to replace it. The manufacturer of forged components for the auto industry is targeting any and...

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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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