Definitions for "Brady bond"
U.S. dollar-denominated bond issued by an emerging market, particularly those...
Named after then U.S. Treasury Secretary Nicholas Brady, the Brady bond is backed by U.S. bank loans to Latin American companies. The bonds' principal and first few semiannual interest payments are secured by U.S. Treasury bonds.
Bonds issued by developing countries when they restructure their debt, whose principal and interest payments are backed by U.S. Treasury securities. The bonds were named for former U.S. Treasury Secretary Nicholas Brady.
bulldog market country risk