Connect to share and comment

Slovenia tests investors in UK and US ahead of bond issue

Slovenia launched an investor road show in London on Tuesday to check interest for a first bond issues after recapitalising its banks and avoiding a bailout in December. "A sale of dollar-denominated bonds may follow, subject to market conditions," the Finance Ministry said in a statement ahead of the road show that will run in London and the United States. Slovenia might borrow this year up to 7.7 billion euros ($10.4 billion) to finance the budget and service its debt this year and the following two years, the government said earlier this month.

Brazil's Petrobras to raise $5bn in bonds

Brazilian energy giant Petrobras said Tuesday it will sell $5 billion in bonds to help finance development of offshore oil fields over the coming five years. The bond sale constitutes four tranches on the New York Stock Exchange -- three of them euro-denominated in four, seven and 11-year notes -- with the other a 20-year sterling note. The euro issues totaled 3.05 billion euros ($4.15 billion) with the sterling issue worth 600 million pounds ($984 million).

Italy raises 5.5 bn euros at lower rates

Italy placed 5.5 billion euros ($7.37 bn) in medium- and long-term debt at significantly lower rates on Wednesday, reflecting improved confidence in the economic outlook for the recession-hit country. The Italian Treasury raised 3.0 billion euros due to expire in 2016 at a rate of return for investors of 1.79 percent compared to 2.25 percent in the previous auction in October. Demand was 1.8 times the amount of bonds offered. The Treasury also sold 1.46 billion euros' worth of bonds due to mature in 2044 at a rate of 4.99 percent, down from 5.19 percent in July.

Spain's borrowing costs fall after Fed keeps stimulus

Spain's medium- and long-term borrowing costs eased in a bond sale Thursday after the US Federal Reserve surprised markets by leaving its huge monetary stimulus in place. The Spanish Treasury sold 3.1 billion euros ($4.1 billion) in bonds of three and 15 years' maturity, with demand outstripping supply by a ratio of 2.4 to one, the central bank said. It sold 2.064 billion euros of three-year bonds, with the rate of return falling to 2.225 percent from 2.636 percent in the last comparable auction on August 1.

Spain's borrowing costs fall

Spain's long-term borrowing costs eased on Thursday in a bond sale, authorities said, a further sign of strengthening confidence in the country as it hopes to crawl out of recession. The rate of return demanded by investors for the benchmark 10-year bond -- a key measure of confidence in the eurozone's fourth-biggest economy -- edged close to the record low level reached in 2010, the Bank of Spain said in a statement.

Spain raises four billion euros in bond auction

Spain raised four billion euros in medium and long-term bonds Thursday a day after the IMF said the outlook for the nation remained bleak. The Spanish treasury said the results had exceeded expectations, though the country paid a slightly higher rate for the 10-year bonds. The Treasury had expected to raise 3.0-4.0 billion euros via the bond auctions, and demand outstripped supply by a ratio of two to one.

Spain raises 4.7 bn euros in bond auction at lower rates

Spain raised 4.714 billion euros ($6.189 billion) via the sale of medium- and long-term bonds on Thursday at lower interest rates, a sign of improved investor sentiment regarding the country's ability to manage its finances. The Treasury sold 1.29 billion euros worth of 10-year bonds at an average yield of 4.612 percent, down from 4.898 percent at the last similar auction on March 21. It was the lowest yield on Spanish 10-year bonds since September 2010 when the rate hit 4.144 percent.

Indonesia to sell US$ 3B global bonds

The Indonesian government will sell global bonds worth US$ 3 billion in the New York Stock Exchange on Tuesday as part of the country's Medium-Term Notes amounting to US$ 20 billion.The US dollar-denominated bonds are divided into two series, namely series RI0423 worth US$ 1.5 billion and series RI0443 worth US$ 1.5 billion, the Directorate General of Debt Management at the Finance Ministry said in a press statement released on Tuesday.The series RI0423 bonds due on April 15, 2023 will be issued at a coupon of 3.38 percent and a yield of 3.50 percent.

Spain raises 5.0 bn euros in bond auction at lower rates

Spain raised 5.03 billion euros ($6.6 billion) euros via the sale of medium- and long-term bonds on Thursday, the top end of its target and at lower interest rates, the latest sign of improved investor sentiment regarding the country's ability to manage its finances. The Treasury sold 2.435 billion euros worth of 10-year bonds at an average yield of 4.957 percent, down from 5.222 percent at the last similar auction on February 21.

Spain raises 4.2 bn euros in bond auction at lower rates

Spain raised 4.228 billion euros ($5.659 billion) of medium and long-term bonds Thursday, more than it had targeted, at lower interest rates, a sign that investors are more confident about the government's handling of its finances. The Treasury sold 2.568 billion euros of 10-year bonds at an average yield of 5.202 percent, down from 5.29 percent at the last similar auction held on December 5. It sold 1.112 billion euros in two-year bonds at an average yield of 2.54 percent, down from 2.823 percent from the last similar auction held on February 7.
Syndicate content