________ are bonds issued by countries in response to the Plan in which the principal and some initial interest payments are collateralized.

Question

Quizplus · Accepted Answer

Brady bonds were named after former U.S. Treasury Secretary Nicholas Brady. They were bonds issued by developing countries in response to the 1989 Brady plan. They were collateralized with U.S. Treasury Bonds, and the principal and some initial interest payments were guaranteed, making them attractive to investors.

________ Are Bonds Issued by Countries in Response to the Plan