Your English writing platform
Discover LudwigSuggestions(1)
Exact(1)
In another sign that the worst is over, on July 18th the government issued dollar bonds for the first time since its massive debt default of 2001.But while the economy may have recovered its former size, it is different in many other ways.
Similar(59)
Bankers, happy to take a 1 or 2percentt commission on huge sums, issued dollar-denominated bank drafts, good as gold in any country.
5.27pm GMT Spain may issue dollar denominated bond Spain is planning to issue a bond denominated in dollars, Reuters is reporting.
Some are big names: state-owned energy giants like Russia's Gazprom and Brazil's Petrobras have been issuing dollar bonds via subsidiaries based in Luxembourg and the Cayman Islands.
A "partial hedge" can come from issuing dollar-denominated debt, which gets cheaper to service when the dollar weakens.
The Indian government could issue dollar-denominated bonds or seek a loan from his former colleagues at the I.M.F.
European and Canadian banks are looking to diversify their investor base, and several factors have made it economical for them to issue dollar-denominated debt, he added.
And even though issuing dollar-denominated bonds is cheaper, numerous finance ministers appear to think the safety of borrowing in one's own currency is worth the cost.
Philipp Lotter of Moody's, a rating agency, notes that South-East Asian firms issuing dollar-denominated debt tend to be well hedged, either naturally, through dollar-denominated revenue, or with financial instruments.
Another factor that appears to have scared potential buyers is a recent suggestion by Greece that it might issue dollar-denominated bonds -- something that some investors associate more with emerging-markets issuers than established euro-zone borrowers.
Debt Market Activity Rises: DOLLAR-DENOMINATED DEBT ISSUED: Debt issued in dollars is off to a strong start in 2009 and is on a pace to exceed the beginnings of 2007 and 2008.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com