Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.501

-5.8%

Jan 13 3:59 PM EST

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To: Steve Fancy who wrote (8862)	10/6/1998 10:25:00 AM
From: Steve Fancy	Read Replies (1) of 22640

German Bks: Brazil Aid Package Of $30B Seen Appropriate Dow Jones Newswires -- October 6, 1998 Dow Jones Newswires WASHINGTON -- Martin Kohlhaussen, the president of the Association of German Banks, said Tuesday that an aid package to Brazil of about $30 billion would be appropriate. He downplayed needs for rolling over Brazilian debt. Kohlhaussen, who said he's seen the maturity list of Brazilian debt, said that capital market financing due by the end of 1999 totals roughly $15 billion while trade financing due by the end of 1999 is about $25 billion. Kohlhaussen, who is also the chairman of Commerzbank AG (G.CBK), said there's no reason to "dramatize" the Brazilian situation based on these debt figures. He was speaking at a press conference on behalf of the association.

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