Bond
Fidelity joins Prudential as biggest funds go Greek
By Eshe Nelson
The world’s largest investors are putting their trust in Greece’s government bond market as record-low yields across Europe compel them to invest in the country that sparked the region’s sovereign debt crisis.
Gov’t makes plans for July debt issue
Return to markets will be with a 3-or 7-year bond before the start of the troikas next major inspection
By Sotiris Nikas
- Read more about Gov’t makes plans for July debt issue
- Log in to post comments
European bonds decline amid speculation rally losing momentum
By Neal Armstrong & Eshe Nelson
The euro-areas higher-yielding government bonds declined amid speculation a rally that has driven borrowing costs to record lows is losing momentum.
Eurobank hires banks for possible bond sale
Eurobank, Greece's third-largest lender by assets, said on Friday it had hired five investment banks to arrange a possible bond sale.
"Eurobank... has mandated Credit Suisse, HSBC, JP Morgan, Mediobanca and Nomura to arrange a series of fixed-income investor meetings in Europe starting from June 16," the bank said in a statement.
- Read more about Eurobank hires banks for possible bond sale
- Log in to post comments
Ten-year Greek bond yields drop to level unseen since Jan 2010
The European Central Banks pledge to keep rates at historic lows for some time has fueled demand for the higher-yielding bonds of some of the blocs weakest members.
Yields on 10-year Greek bonds dropped to as low as 5.48 percent, a level not seen since January 2010, while Portuguese equivalents were within a whisker of euro-era lows after dropping 14 bps to 3.24 percent.
Cyprus eyes post-bailout public market return
By Sarka Halas
Cyprus is preparing a benchmark public debt sale just a year after it was bailed out, which if successful would make it the quickest return to the bond market by a sovereign after a rescue.
The issuer has mandated Deutsche Bank, Goldman Sachs, HSBC, UBS and VTB Capital to arrange a series of fixed income investor meetings in Europe ahead of the deal.
- Read more about Cyprus eyes post-bailout public market return
- Log in to post comments
Draghi is bond's best friend as European yields fall to record lows
By David Goodman and Lucy Meakin
Mario Draghi has once again proved himself to be the bond markets best friend.
A jump in government securities across the euro area sent yields to record lows on Friday, inspired by a fresh package of stimulus measures from the European Central Bank.
Bulgaria's Parliament OKs Issuance of Debt worth BGN 3 B
The Bulgarian Parliament has approved the issuance of debt worth EUR 1 493 000.
This was made possible through the adoption of a contract between Bulgaria and Citigroup Global Markets Limited, HSBC Bank PLC and JP Morgan Securities PLC, according to reports of Sega daily.
The contract defines the relations between the state and the banks related to the issuance of bonds.
Structured bond scandal defendants released pending appeal
Thirteen people, among them stockbrokers, finance executives, bank officials and pension fund managers, who were handed stiff prison sentences on Thursday for their involvement in a structured bond scandal, have appealed their jail sentences and been released.
Stiff sentences handed out over structured bond scandal
Stockbrokers, finance executives, bank officials and pension fund managers are among the 13 people who were handed jail sentences of up to 25 years on Thursday for their part in the 2007 sale of 280 million euros in structured bonds that led to the funds paying around 20 million euros over the odds for the paper.