Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.450

-6.2%

3:59 PM EST

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To: Steve Fancy who wrote (8314)	9/19/1998 12:14:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Brazil Treasury To Resume Floating-Rate Debt Auctions Tues Dow Jones Newswires RIO DE JANEIRO -- The Brazilian Treasury will resume its weekly debt auction Tuesday, after canceling this week's offering because of ongoing market volatility, officials said Friday. On behalf of the Treasury, the Central Bank Tuesday will offer 3.5 million floating-rate bills known as LFTs. The bills have a face value of 1,000 reals (BRL) ($1=BRL1.18). Another lot - of 600,000 LFTs - will be kept by the Central Bank, which will use the bills to conduct its monetary policy. The bills mature June 16, 1999. -By Geraldo Samor; 55-21-580-9394; gsamor@ap.org

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