Tag: Bonds
The European rescue fund puts € 1,500 million in bonds to 7 years
The European Financial Stability Fund (EFSF) placed an additional EUR 1,500 million in 7-year bonds with a yield of 1.44%, to complete a similar debt issuance initially made on April 24. The bonds, which mature on May 2, 2019, offering a yield of 1.44%, raising the total amount issued to 5,500 million euros, the EFSF [...]
Spain expects to attract 9,000 million this week after the downgrade by Standard and Poor’s
The Treasury resumed this week debt issues with individual auction of letters and obligations with which expects to attract up to 9,000 million euros, the first after the reduction applied by the agency risk measurement Standard & Poor’s to Spanish sovereign debt . At the last auction held by the Treasury, on 4 October, 3.992 [...]
Gurria believes that Europe is now much better prepared to exit crisis
The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, argued today that Europe is “much better prepared” than a year ago for a “final solution” of the economic crisis. “The union bank (within the EU) will happen sooner or later.’s On the table, is being discussed. Fill voids is and [...]
U.S. granted $ 100 million to Tunisia to ease their tax burden
The U.S. government today announced the award of $ 100 million to Tunisia for the “short-term tax relief” in the country, trying to restructure the debt incurred during the regime of deposed Zine El Abedin Ben Ali. “This transfer will go directly to the debt financing that Tunisia should the World Bank (WB) and African [...]
Greece may have 185,000 million new EU-IMF loans
Greece may have a new loan of 185,000 million euros from the European Union and the International Monetary Fund (IMF) for 2015, in addition to the 107,000 million forgiven by private creditors and the first loan package of 73,000 million provided since 2010. Taking into account the first loan in May 2010 and debt relief, [...]
Greece receives money from the EU and the IMF to avoid bankruptcy
Greece received on Tuesday a first injection of 7,500 million euros in the new rescue plan agreed by the European Union and the International Monetary Fund to avoid bankruptcy, said a finance ministry source. This sum 5900 million euro zone and 1,600 billion IMF-”will be used to cover debt” owed by the country, the source [...]
Moody’s maintains credit rating of Spain, despite new deficit target
The rating agency Moody’s maintained on Monday its deficit target for Spain, although the country can not meet the deficit targets initially set and had to consider a more modest goal to reduce spending. “The relaxation of the target does not affect the A3 rating of government bonds with a negative outlook, and Moody’s had [...]
Iceland returns to the IMF ahead of a fifth of their rescue
The International Monetary Fund (IMF) announced today that Iceland returned a year ahead of schedule one-fifth of their rescue, adopted in 2008 amounting to 2,150 million dollars. The payment announced today, totaling 443.4 million dollars, was held on March 12 but, according to agreements with the Fund, Iceland had until 2013. Together with the previous [...]
Fitch Keeps AAA Rating For The UK
The rating agency Fitch credit risk today confirmed the highest rating (AAA) for the United Kingdom, although with a negative outlook. In a statement the rating agency justified this decision because it “reflects the progress made by the Government to reduce the deficit” and “credibility in relation to the effort to ensure fiscal consolidation.” However, [...]
Eurozone is about to deliver the first part of the second rescue of Greece
The euro zone is about to deliver on Wednesday the first part of the second rescue of Greece, said the president of the Eurogroup, Jean-Claude Juncker said in a statement. “All parliamentary procedures have been completed” to deliver “the first part, equivalent to 39,400 million,” Juncker said in a statement. Greece needs urgent funds to [...]
