FLIRBFront Loaded Interest Reduction Bond (Brazil)
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References in periodicals archive ?
The FLIRB was invented by a member bank of the Venezuela Brady bank advisory committee.
Bosnia used the FLIRB as one of the two instruments in the package of bonds offered to the bank creditors.
Interest on the GDP-performance bonds accrues only after the performance-addition date and is at LIBOR plus 13/16%, the same as the FLIRBs after the front-loaded interest-reduction period has passed.