Brasil To Buy $10 Billion In IMF Bonds.

BLOOMBERG/
Brasil's Finance Minister Guido Mantegna says that Brasil will buy up to $10 billion in debt from the IMF, turning the country into a net creditor of the IMF for the first time.
Brasil will buy the two-year bonds denominated in the IMF’s special drawing rights, with quarterly interest payments based on the weighted average of the short-term rate in the U.S., the euro region, Japan and the U.K. That rate currently stands at 0.25 percent.