11. A stronger local currency has helped Vietnam import capital equipment it needs to modernize its backward factories and repay its heavy state bank debt at favorable prices. 12. Brady bonds are securities created from the restructured bank debt of developing countries. 13. Brady bonds, named for former U.S. Treasury Secretary Nicholas Brady, are securities created from bank debt amassed by developing countries. 14. But currency problems and bad bank debt lately have hurt the region. 15. But it has further offended a public that is snarling over crushing bank debts and interest rates. 16. But the huge real estate loss has left it short of the capital it needs to meet bank debt. 17. Caldor Chairman Don Clarke said the company is current in all its bank debt and is not in violation of any of its covenants. 18. Castle said it expects to use part of the proceeds to retire bank debt. 19. Equity investors come after other investors like holders of bank debt and bonds in bankruptcy proceedings. 20. Elektra, which sells consumer electronics, furniture and appliances to low-income families, paid off bank debt and receivables to suppliers. |