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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (9061)	10/19/1998 10:31:00 PM
From: Steve Fancy	Respond to of 22640

Brazil fine-tunes agreement with IMF - diplomat Reuters, Monday, October 19, 1998 at 20:59 By Anthony Boadle WASHINGTON, Oct 19 (Reuters) - Brazil is close to agreement with the International Monetary Fund on the economic program it must adopt to get a multibillion-dollar financial aid package, diplomatic sources said on Monday. A Brazilian government team led by Finance Ministry Executive Secretary Pedro Parente huddled with IMF officials over the the weekend to thrash out the figures of an austerity plan. Meetings are expected to continue through Tuesday. "They are discussing the technical details with Fund and World Bank personnel, going over the numbers to see how Brazil plans to implement the program," a Brazilian diplomat said. "They are discussing, figure by figure, how to meet the planned targets," he told Reuters. "This means that the program is well advanced and that the agreement with the IMF is about to be reached at any moment," the diplomat said. The Brazilian team includes Finance Minister Pedro Malan's top aide Amauri Bier and central bank director Alatamir Lopes. The diplomat said they would stay in Washington until Tuesday or Wednesday. The fiscal austerity plan must be ready by Tuesday, the deadline set by President Fernando Henrique Cardoso, although the measures are not expected to be announced until next week after second-round state elections are completed. International monetary sources said they expected the IMF to approve Brazil's program quickly and announce a financial aid package backed by other multilateral institutions and leading industrial nations. The three-year economic program has been long awaited on financial markets to gauge the resolve of the recently reelected Cardoso to bring under control Brazil's bulging budget deficit, which exceeds 7 percent of gross domestic product. The IMF-led financial aid package is meant to bolster confidence in Brazil and stem an alarming flight of dollars that has pushed a four-year economic recovery to the brink of collapse since the Russian default in August. More than $30 billion have left Brazil through its foreign exchange markets since the beginning of August, dragging the country's foreign reserves down to about $45 billion from $70 billion in the same period. Brazil and the IMF have already agreed on an initial target for a primary budget surplus (excluding debt service costs) in the range of 2.5 to 3 percent of GDP in 1999. Economists estimate the government will have to raise taxes and cut spending by about $19.5 billion to meet that target. Other measures, including long-delayed reforms of the civil service, pension system and tax structure, require political deals the government will need to strike with Congress. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9061)	10/19/1998 10:46:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 10/19/1998 ******* The 12 Baby Bra preferred shares should add up to the US ADR closing price Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 18.50 19.20 17.70 18.20 + 1.11% 161 270,200,000 TELE CL SUL PN * TCSL4 1.22 1.32 1.18 1.32 +11.86% 99 386,700,000 TELE CTR OES PN * TCOC4 0.80 0.81 0.80 0.81 + 3.84% 46 160,600,000 TELE CTR SUL PN * TCSP4 12.20 12.21 10.01 11.10 - 9.01% 81 162,900,000 TELE LEST CL PN * TLCP4 0.40 0.46 0.40 0.46 + 9.52% 57 218,100,000 TELE NORD CL PN * TNEP4 0.60 0.69 0.60 0.64 + 6.66% 138 652,600,000 TELE NORT CL PN * TNCP4 0.24 0.29 0.24 0.27 +12.50% 122 789,400,000 TELE NORT LE PN * TNLP4 15.00 15.00 14.10 14.30 + 4.00% 67 198,500,000 TELE SUDESTE PN * TSEP4 3.30 3.61 3.20 3.30 + 3.12% 88 219,300,000 TELEMIG PART PN * TMCP4 0.75 0.87 0.75 0.83 +10.66% 96 356,400,000 TELESP CL PA PN * TSPP4 7.40 7.50 7.00 7.20 + 5.88% 95 157,900,000 TELESP PART PN * TLPP4 31.00 31.00 29.00 31.00 + 3.33% 95 158,100,000 ------ R$ 89.43 R$ 89.43 / 1.1884 = US$ 75.25 Closing figures for the Baby Bras Common shares on the Bovespa for: 10/19/1998 These shares trade only in Brazil (Control or Voting shares), will not match up to US ADR Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 9.00 9.00 8.01 8.07 - 7.24% 19 13,900,000 TELE CL SUL ON * TCSL3 0.57 0.62 0.56 0.62 + 8.77% 93 1,272,400,000 TELE CTR OES ON * TCOC3 0.59 0.59 0.59 0.59 = 0.00% 9 77,400,000 TELE CTR SUL ON * TCSP3 6.20 6.20 6.10 6.10 - 1.61% 8 29,200,000 TELE LEST CL ON * TLCP3 0.23 0.26 0.23 0.26 + 4.00% 8 11,300,000 TELE NORD CL ON * TNEP3 0.34 0.36 0.34 0.34 + 9.67% 13 37,300,000 TELE NORT CL ON * TNCP3 0.16 0.17 0.15 0.16 + 6.66% 9 17,400,000 TELE NORT LE ON * TNLP3 5.70 5.90 5.60 5.79 + 7.22% 33 66,300,000 TELE SUDESTE ON * TSEP3 1.70 2.00 1.70 1.70 -15.00% 7 11,200,000 TELEMIG PART ON * TMCP3 0.51 0.52 0.51 0.52 - 1.88% 6 9,200,000 TELESP CL PA ON * TSPP3 3.30 3.70 3.20 3.20 -16.88% 9 12,100,000 TELESP PART ON * TLPP3 20.00 20.50 20.00 20.50 - 2.38% 12 16,000,000 Closing figures for Telebras receipts on the Bovespa for: 10/19/1998 These symbols are kind of the US TBH equivalent without the crazy premium. I believe the first two are the normal receipts, don't know about rest...anyone? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBR RCTB RON* RCTB30 48.00 50.00 47.00 48.00 = 0.00% 134 99,500,000 TELEBR RCTB RPN* RCTB40 86.00 91.30 86.00 89.00 + 2.06% 1211 2,839,900,000 RCTB RPN* RCTBJ41E 80.00 80.00 80.00 80.00 0.00% 143 1,115,900,000 RCTB RPN* RCTBJ42E 90.00 90.00 90.00 90.00 0.00% 31 118,000,000 RCTB RPN* RCTBJ52E 70.00 70.00 70.00 70.00 0.00% 103 817,200,000 RCTB RPN* RCTBJ66E 60.00 60.00 60.00 60.00 0.00% 13 37,000,000 RCTB RPN* RCTBV69E 122.73 122.73 122.73 122.73 0.00% 2 1,000,000,000 RCTB RPN* RCTBV75E 110.00 110.00 110.00 110.00 0.00% 2 10,000,000 RCTB RPN* RCTBV95E 100.00 100.00 100.00 100.00 0.00% 1 1,000,000 RCTB RPN* RCTBV96E 170.00 170.00 170.00 170.00 0.00% 5 42,900,000 RCTB RPN* RCTBV97E 180.00 180.00 180.00 180.00 0.00% 26 182,200,000 TELEBR RCTB RON* RCTB30T 49.25 49.26 49.25 49.26 0.00% 2 250,000 TELEBR RCTB RPN* RCTB40T 90.71 90.72 90.71 90.72 0.00% 2 100,000 RCTB RPN* RCTBJ23 0.00 0.00 0.00 0.00 / 0.00% 0 0 RCTB RPN* RCTBJ24 0.01 0.01 0.01 0.01 = 0.00% 1 1,000,000 RCTB RPN* RCTBJ25 0.00 0.00 0.00 0.00 / 0.00% 0 0 RCTB RPN* RCTBJ26 0.00 0.00 0.00 0.00 / 0.00% 0 0 RCTB RPN* RCTBJ41 7.00 8.70 6.00 8.70 +20.83% 56 101,000,000 RCTB RPN* RCTBJ42 0.10 1.00 0.02 0.02 -93.33% 185 1,444,000,000 RCTB RPN* RCTBJ43 0.01 0.01 0.01 0.01 -66.66% 2 4,000,000 RCTB RPN* RCTBJ52 17.00 19.70 16.50 19.70 +21.60% 7 12,000,000 RCTB RPN* RCTBL18 8.60 12.00 8.60 10.50 +16.66% 215 440,000,000 RCTB RPN* RCTBL28 22.50 25.10 22.50 25.10 +10.57% 2 4,000,000 RCTB RPN* RCTBL3 5.00 7.10 4.70 5.50 + 7.84% 958 1,675,000,000 RCTB RPN* RCTBL30 14.00 18.00 14.00 15.70 +10.56% 38 121,000,000 RCTB RPN* RCTBL4 2.20 3.50 2.10 2.55 + 2.00% 967 1,465,000,000 RCTB RPN* RCTBL5 1.00 1.40 0.90 0.90 -25.00% 120 204,000,000 RCTB RPN* RCTBL6 0.80 0.80 0.70 0.70 -63.15% 19 217,000,000 RCTB RPN* RCTBL8 48.00 51.00 48.00 49.00 + 4.70% 19 217,000,000 RCTB RPN* RCTBX10 37.53 37.53 34.53 36.48 - 8.45% 19 217,000,000 RCTB RPN* RCTBX12 0.03 0.03 0.03 0.03 -40.00% 19 217,000,000 RCTB RPN* RCTBX8 19.00 19.00 19.00 19.00 = 0.00% 2 5,000,000 TELEBR RCTB RON* RCTB30F 47.00 49.70 47.00 47.00 - 2.08% 35 644,435 TELEBR RCTB RPN* RCTB40F 86.30 90.50 86.30 87.99 + 0.90% 53 1,241,493 Closing figures for other Baby Bra related symbols on the Bovespa for: 10/19/1998 Have no idea what these are...options? Anyone know or want to help figure it out? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3F 8.40 8.80 7.86 7.86 - 9.65% 7 285,088 EMBRATEL PAR PN * EBTP4F 18.60 19.00 18.60 18.60 + 3.33% 3 73,700 TELE CL SUL ON * TCSL3F 0.55 0.60 0.55 0.60 + 5.26% 9 346,928 TELE CL SUL PN * TCSL4F 0.70 1.20 0.70 1.20 + 1.69% 2 748 TELE CTR OES ON * TCOC3F 0.58 0.60 0.45 0.60 + 1.69% 7 237,714 TELE CTR OES PN * TCOC4F 0.81 0.83 0.81 0.83 + 6.41% 3 8,200 TELE CTR SUL ON * TCSP3F 6.10 6.30 5.63 6.10 - 1.61% 9 217,064 TELE CTR SUL PN * TCSP4F 12.00 12.22 11.11 11.11 - 8.93% 5 143,320 TELE LEST CL ON * TLCP3F 0.20 0.23 0.20 0.22 -12.00% 9 269,666 TELE LEST CL PN * TLCP4F 0.30 0.37 0.30 0.37 -11.90% 3 748 TELE NORD CL ON * TNEP3F 0.32 0.34 0.25 0.30 - 3.22% 8 236,589 TELE NORD CL PN * TNEP4F 0.63 0.63 0.61 0.61 + 1.66% 2 748 TELE NORT CL ON * TNCP3F 0.13 0.15 0.13 0.15 = 0.00% 6 208,089 TELE NORT CL PN * TNCP4F 0.25 0.25 0.25 0.25 + 8.69% 2 25,374 TELE NORT LE ON * TNLP3F 5.70 5.70 5.41 5.41 + 0.18% 10 236,589 TELE NORT LE PN * TNLP4F 15.00 15.00 13.01 13.01 - 5.38% 2 14,674 TELE SUDESTE ON * TSEP3F 1.93 1.93 1.70 1.70 + 0.59% 5 208,089 TELE SUDESTE PN * TSEP4F 2.50 2.50 2.50 2.50 -21.87% 2 374 TELEMIG PART ON * TMCP3F 0.50 0.55 0.36 0.55 + 3.77% 8 247,589 TELEMIG PART PN * TMCP4F 0.85 0.85 0.51 0.51 -32.00% 2 16,174 TELESP CL PA ON * TSPP3F 3.60 3.60 3.20 3.20 -16.88% 7 240,977 TELESP CL PA PN * TSPP4F 7.41 7.41 7.40 7.40 + 8.82% 7 202,000 TELESP PART ON * TLPP3F 21.00 21.00 19.00 21.00 = 0.00% 10 339,552 TELESP PART PN * TLPP4F 30.01 30.01 29.00 29.76 + 0.88% 13 306,448 Closing figures for other Telebras related symbols on the Bovespa: 10/19/1998 These symbols are for the 52 individual companies, no match to anything, provided FWIW. Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5 22.50 23.50 22.50 23.50 + 3.07% 11 2,210,000 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6 15.00 16.00 15.00 16.00 = 0.00% 4 500,000 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3 0.10 0.13 0.10 0.11 +10.00% 33 327,000,000 TELEBRAS PN * TELB4 0.17 0.19 0.17 0.19 +11.76% 57 157,500,000 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6 44.00 45.00 44.00 45.00 + 2.27% 2 430,000 TELEBRASILIA ON * TBRS3 83.99 83.99 83.99 83.99 - 6.67% 1 10,000 TELEBRASILIA PN * TBRS4 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3 10.00 10.00 10.00 10.00 = 0.00% 1 10,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 12.00 12.00 11.60 11.70 - 2.50% 24 16,920,000 TELEPAR ON * TEPR3 100.00 102.99 99.99 99.99 - 2.91% 6 221,000 TELEPAR PN * TEPR4 192.00 200.00 192.00 195.50 + 1.82% 40 3,178,000 TELEPAR CL ON * TPRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6 53.00 53.00 51.50 52.00 + 1.96% 24 2,087,000 TELERJ ON * TERJ3 20.90 20.90 20.90 20.90 - 0.47% 2 20,000 TELERJ PN * TERJ4 32.80 33.45 32.02 32.02 + 0.06% 249 117,250,000 TELERJ CL ON * TRJC3 18.00 18.00 17.00 17.00 - 5.55% 2 20,000 TELERJ CL PNB* TRJC6 29.01 32.00 29.00 29.00 - 2.02% 80 16,540,000 TELESP ON * TLSP3 126.99 130.00 125.00 130.00 + 2.36% 23 1,230,000 TELESP PN * TLSP4 193.00 206.00 190.00 203.00 + 3.57% 527 113,410,000 TELESP CL ON * TSPC3 24.00 24.01 23.50 23.50 - 4.08% 17 2,620,000 TELESP CL PNB* TSPC6 48.00 49.99 45.60 46.80 - 2.90% 200 56,720,000 TELEPAR CL PNB* TPRC6T 53.36 53.37 53.36 53.37 0.00% 2 300,000 TELERJ PN * TERJ4T 34.05 34.05 34.05 34.05 0.00% 1 500,000 TELESP PN * TLSP4T 210.38 210.38 210.37 210.37 0.00% 2 200,000 TELESP CL PNB* TSPC6T 48.24 48.24 48.23 48.23 0.00% 2 500,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 22.50 23.00 22.50 23.00 + 0.87% 5 23,156 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNC* TBAC7F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRAS ON * TELB3F 0.12 0.12 0.10 0.10 = 0.00% 14 258,766 TELEBRAS PN * TELB4F 0.17 0.17 0.17 0.17 - 5.55% 2 96,255 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 42.00 42.00 40.03 40.03 - 2.38% 2 14,422 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 80.01 80.01 80.01 80.01 - 4.75% 1 4,934 TELEMIG ON * TMGR3F 19.00 21.00 19.00 21.00 +16.66% 2 10,014 TELEMIG PNA* TMGR5F 30.00 30.00 30.00 30.00 -68.14% 4 1,517 TELEMIG PNB* TMGR6F 35.00 36.00 35.00 36.00 - 3.74% 3 9,534 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 9.10 9.20 9.10 9.10 + 0.44% 3 10,384 TELEMIG CL PNB* TMGC6F 11.05 11.05 10.05 10.05 -49.75% 6 899 TELEMIG CL PNC* TMGC7F 10.11 12.00 10.11 11.00 - 8.33% 5 20,516 TELEPAR ON * TEPR3F 86.01 100.00 86.01 100.00 - 2.90% 4 652 TELEPAR PN * TEPR4F 190.00 195.00 190.00 195.00 + 1.56% 9 1,726 TELEPAR CL ON * TPRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6F 48.01 51.00 48.01 48.02 - 5.84% 6 1,193 TELERJ ON * TERJ3F 19.51 21.00 19.51 20.00 - 4.76% 10 30,211 TELERJ PN * TERJ4F 32.00 33.00 31.51 32.80 + 2.50% 13 63,295 TELERJ CL ON * TRJC3F 17.00 18.00 16.63 16.66 - 7.44% 6 19,004 TELERJ CL PNB* TRJC6F 28.01 30.20 28.01 28.53 - 3.61% 15 40,450 TELESP ON * TLSP3F 124.99 126.01 124.51 126.00 - 0.78% 9 34,628 TELESP PN * TLSP4F 195.00 205.00 188.02 201.01 + 2.55% 50 246,842 TELESP CL ON * TSPC3F 23.00 24.50 23.00 23.05 - 5.91% 10 40,113 TELESP CL PNB* TSPC6F 47.50 48.90 45.00 45.00 - 6.63% 20 91,649