The Inter-American Development Bank (IDB) plans to expand a new programme enabling regional development banks to convert US dollar-denominated loans into local currency at a much cheaper rate via a novel cross-currency swap transaction.
A contingent cross-currency swap trade, the first of its kind to be executed by a multinational development bank, was completed in June to support a loan for the Banco Nacional de Desenvolvimento Econômico e Social (BNDES), one of the largest sovereign-owned
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, Read More
