Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.750

-14.0%

3:59 PM EST

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To: Steve Fancy who wrote (12308)	1/23/1999 4:10:00 PM
From: David Petty	of 22640

One other thought, doesn't this mean that the July bid winners have just gotten a substantial price cut since their future payments are in devalued Reals ... I do realize some of them were induced to make earlier payments than normal and got some incentives to do so...

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