Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.956

-0.1%

Nov 25 3:59 PM EST

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To: Steve Fancy who wrote (11734)	1/14/1999 6:37:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's Minas says devaluation worse for debt Reuters, Thursday, January 14, 1999 at 18:08 Itamar Franco, governor of Brazil's third-biggest state, declared last week that he will cease payments for three months on Minas Gerais' $13.4 billion in debt to the federal government. Franco has sent conflicting messages about what the state will do when $108 million in Eurobond payments come due on Feb. 10. The central government has reiterated that it will ensure all of Brazil's foreign obligations are met. Copyright 1999, Reuters News Service

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