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|English to Spanish translations [PRO]|
|English term or phrase: FRB|
|According to the Trust Agreement (Section IV.1.a), Dock del Plata (as trustor and servicer) shall deposit the proceeds of the leases and other sums in the Collection Account Dock IV (such account is held with BankBoston, Buenos Aires Branch) in the name of the Trustee. Then the Trustee must apply such funds to the payment of: (i) fees and expenses, and (ii) monies owed under the Loan Agreement. We infer from the foregoing the obligation of the Trustee to transfer the interest payments to the Lender. The Trustee is entitled to convert the amounts deposited by Dock del Plata into US Dollars at the exchange rate published in the Reuters Currency Page in case such funds were in Pesos. In case of restrictions on transfer of funds or exchange controls, the Trustee is entitled to pay the amounts owed by Dock del Plata to the Lender by purchasing FRBs or any other securities and selling such instruments for US Dollars outside of Argentina. Additionally, the Trustee can deposit Pesos in an amount sufficient to purchase the owed amount of US Dollars at the Reuters Currency Page exchange rate.|
|Spanish translation:...adquiriendo bonos FRB...|
Literalmente es "Floating Rate Bond", es un bono u obligación emitido por el gobierno argentino, con esa denominación en inglés, en algunos sitios en español también se lo denomina "bono Brady FRB"
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|4 KudoZ points were awarded for this answer |
30 mins confidence: 34 mins confidence:
bonos a tasa variable
en algunos países, bonos a tasa flotante
FRB = Floating Rate Bond
Argentina - Brady Bonds (FRB)
... Argentina. Argentina FRB Bond Spread, 1997 - 2001. Note: Sovereign benchmark (Floating
Rate Bond, FRB) spread to comparable US Treasury. Source: Bloomberg. ...
BradyNet Home Page
... ARGENTINA: Argentina Floating Rate Bond (FRB) 6 month
Libor + 81.25bps 03-31-05, Jan 15, California Radi. ...
Description: Information on emerging markets' fixed income investments.
Category: Business > Investing > Stocks and Bonds > Bonds
www.bradynet.com/ - 46k - 16 Jan 2002
20 years of experience as a financial translator
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