Brazil targets foreign investors in new covered bond law

Brazil
By Bill Thornhill
21 Aug 2014

Brazil's finance ministry has told GlobalCapital that it will publish proposals for a covered bond legal framework next week. The proposals are a part of an overall package that aims to free up the flow of credit and was presented by the minister of finance, Guido Mantega, on Wednesday. Bill Thornhill reports.

Bankers are hopeful that the timescale to implementation will be quick, but warn that many frameworks have failed to attract the attention of foreign investors, ostensibly due to oversights on minor details.

For the past two years various attempts have been made to introduce a covered ...

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