GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
14:40 Jun 11, 2002 |
French to Italian translations [PRO] Bus/Financial | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Orietta Neri Italy Local time: 01:02 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +2 | . Bulgarian bad debt bonds |
| ||
4 +2 | v.s. |
|
. Bulgarian bad debt bonds Explanation: sono chiamati ZUNKs (sembra una sigla tedesca) adesso controllo meglio -------------------------------------------------- Note added at 2002-06-11 15:07:46 (GMT) -------------------------------------------------- Zunk bonds are securities issued by the Bulgarian government and given to Bulgarian state-owned banks to cover the non-performing debts of state-owned enterprises. They are denominated in dollars in the sense that they pay coupons linked to an amount in dollars. This coupon is floating at U.S.dollar LIBOR flat, paid semi-annually. However, the dollar amount of the coupon is paid in BGN at the exchange rate set at the prevailing rate two days before the coupon date. Foreign investors consider Zunks to be one of Bulgaria’s most attractive domestic debt instruments because the paper can be used as a means of payment at face value in local privatization deals. Using central bank figures, it was estimated at the end of August 1999 that the total size of Zunks in circulation is about US$464 million. -------------------------------------------------- Note added at 2002-06-11 15:11:29 (GMT) -------------------------------------------------- ancora ho trovato Long-term Internal Government Bonds in leva Quindi si potrebbero tradurre con Titoli di Stato Bulgari di riconversione del debito pubblico |
| ||||||||||
28 mins confidence: peer agreement (net): +2
|