Gulf countries are increasingly raising funds through international markets
The Wall Street Journal
By NICOLAS PARASIE and CHRISTOPHER WHITTALL
Oct. 19, 2016 7:27 a.m. ET
DUBAI—Saudi Arabia plans to raise up to $17.5 billion by selling bonds for the first time to international investors this week, two people aware of the transaction said Wednesday.
The kingdom also tightened its pricing guidance for the potential multi-tranche issue, which along with the estimated issue size reflects a strong appetite for the potential issue, bankers say.
For the five-year tranche, Saudi Arabia said it would pay around 140 basis points above U.S. Treasurys, compared with an initial guidance of around 160 basis points above U.S. Treasurys.
Wednesday, October 19, 2016
Tuesday, September 22, 2015
Alexis Tsipras’ Greek election win could spell further gains for the country’s high-yielding government bonds
The Wall Street Journal
By RICHARD BARLEY
Sept. 21, 2015 9:29 a.m. ET
Alexis Tsipras’ political gamble in calling new elections in
off, returning his Syriza party to government. Buying Greek bonds also
represents a gamble, but a potentially attractive one. Greece
Thursday, April 9, 2015
The Wall Street Journal
By EMESE BARTHA in Frankfurt, CHIARA ALBANESE in
and ANTHONY HARRUP in Mexico City
Updated April 8, 2015 9:10 p.m. ET
Until Wednesday, no country had ever sold 10-year debt that gives investors a yield of below 0%. And no country had ever issued a 100-year bond denominated in euros.
Tuesday, December 9, 2014
By David Goodman Dec 9, 2014 11:27 AM GMT+0200
Greek bonds fell, with the nation’s 10-year yield climbing the most in almost six weeks, amid speculation that early Presidential elections will trigger renewed political turmoil.
German bunds advanced, with the nation’s 30-year yield dropping to a record low on demand for the safest assets as stocks and crude oil tumbled. Greek Prime Minister Antonis Samaras yesterday brought forward the process of choosing a new head of state to this month, a move that risks triggering parliamentary elections in the nation, which returned to the bond market this year. Anti-bailout group Syriza, which currently leads in opinion polls, welcomed the announcement.
Friday, October 10, 2014
By Nikos Chrysoloras and Antonis Galanopoulos Oct 10, 2014 11:14 AM GMT+0300
After a monthlong rollercoaster for Greek government bonds and stocks, the country’s lawmakers are poised to give investors a brief respite.
Tuesday, September 16, 2014
Mon Sep 15, 2014 11:56am EDT
* Investors buoyed by S&P ratings lift
* PM Samaras says
will not need third bailout Greece
* Fed meeting,
vote pose volatility risks Scotland
's bonds claws
back ground after torrid week (Updates prices, adds analyst comment) Spain
By John Geddie
Friday, May 16, 2014
BY JOHN GEDDIE
LONDON Fri May 16, 2014 4:56am EDT
May 16 (Reuters) - Lower-rated euro zone bond prices slipped on Friday, deepening sharp falls on Thursday triggered by nervousness about the stability of the Greek government, a tax on foreign holders of Greek bonds, and weak growth.
Greek 10-Year Yields Spiked By More Than Half a Percentage Point to 6.72%, Highest in Seven Weeks
The Wall Street Journal
By MATINA STEVIS
May 15, 2014 11:45 a.m. ET
LONDON—The Greek finance ministry said Thursday a tax on foreign holders of Greek bonds that had caught investors' attention wasn't being imposed retroactively.
Friday, April 11, 2014
(Reuters) - Yields on
new five-year bonds, sold in the bailed-out country's return to markets after a
four-year absence, were expected to fall below the sale price when they began
trading on Friday. Greece
Banks managing the sale said the bonds had already begun trading over-the-counter at yields below the 4.95 percent at which they were sold, although market participants were reserving their verdict on the deal until prices appeared on trading screens. That is expected to take place on Friday but depends on when the bonds are released to those who bought them.
Thursday, April 10, 2014
By Marcus Bensasson and Hannah Benjamin Apr 10, 2014 12:20 PM GMT+0300
The order book for the issue, which carries a coupon of 4.75 percent, exceeded 20 billion euros, said the person, who asked not to be identified because he isn’t authorized to speak about it. A Greek government official told reporters in
Athens yesterday that sought to raise 2.5 billion
euros in the five-year bond issue. Greece
Monday, March 31, 2014
By Corina Ruhe Mar 31, 2014 12:42 AM GMT+0300
Dutch Finance Minister Jeroen Dijsselbloem said
’s international creditors
will decide after the summer on possible further aid, including extending the
maturity of existing loans. Greece
Tuesday, March 18, 2014
By Neal Armstrong and Lukanyo Mnyanda Mar 18, 2014 6:24 PM GMT+0200
Ten-year bonds rose for a second day after Infrastructure Minister Michalis Chrisochoides said
will probably sell securities before May. Greece reached an agreement with
its creditors after a review of its adjustment program, a European Union
spokesman said. Athens-based Piraeus Bank SA (TPEIR) sold non-investment grade
debt. German bunds erased a gain as President Vladimir Putin said Greece Russia won’t further split up ,
damping demand for the euro area’s safest assets. Ukraine
Monday, March 17, 2014
By Lukanyo Mnyanda and Neal Armstrong Mar 17, 2014 6:30 PM GMT+0200
Italian and Spanish securities also gained even as the
and the European Union condemned the referendum and imposed sanctions on
individuals in .
Greek bonds advanced as the nation was said to be approaching agreement with
its creditors. German 10-year bunds, which rose last week by the most since
September, declined. Russia ’s
bonds have also been supported as the nation moves toward exiting a bailout
Tuesday, March 11, 2014
By Nikos Chrysoloras and Marcus Bensasson Mar 10, 2014 1:35 PM GMT+0200
The European Commission, the European Central Bank and the International Monetary Fund have expressed a view that the Greek government may repeat past mistakes if it manages to slip the shackles of its bailout program
Monday, March 10, 2014
By Neal Armstrong and Christos Ziotis Feb 26, 2014 6:41 PM GMT+0200
Friday, January 17, 2014
January 16, 2014, 9:12 AM ET
The Wall Street Journal
Boasting its first primary budget surplus in a decade, the country at the center of the European debt crisis wants to sell government bonds–possibly in the second half of the year–for the first time since the spring of 2010.
Various high-ranking Greek officials have expressed their wish to bring the country back to the debt markets. Most recently, finance minister Yannis Stournaras spoke about this at a briefing with foreign journalists who visited
Athens last week as took over the European
Union’s helm. Greece
Monday, January 13, 2014
By Eshe Nelson and David Goodman January 13, 2014
The nation’s two-year note rose for the first time in four days as the government sold three-year notes at a record-low yield. German bunds gained for a second day, with 10-year yields falling to match the lowest level in four weeks, after a
report last week showed companies added workers at the slowest pace since
January 2011. Bonds from U.S. Spain
have rallied this year amid signs the European debt crisis is easing. Greece
Thursday, January 9, 2014
By Neal Armstrong and David Goodman - Jan 9, 2014
Europe’s financial markets are picking up where they left off 2013, extending a rally in bonds and stocks that’s making the region’s sovereign debt crisis little more than a fading memory.
Ireland sold bonds this week, returning to financial markets after completing a three-year bailout program. Portugal -- another aid recipient -- is holding a sale today. Banks in Spain and other periphery countries have never been able to borrow as cheaply as they can now. The Stoxx Europe 600 Index of stocks closed at its highest level since May 2008 yesterday and the euro is about its strongest since 2011 against the dollar.
Friday, December 6, 2013
By Marcus Bensasson - Dec 6, 2013 2:01 AM GMT+0200
Paul Kazarian, the
buying up Greek government bonds, calls the European Union’s accounting
“completely irrational” and wants to help finance an alternative to allow to
return to the debt markets. Greece
The founder of Japonica Partners & Co. said in a Dec. 3 interview in
that applying International Public
Sector Accounting Standards would give bond markets the same kind of audited financial
statements that equity investors are accustomed to. Kazarian, who started a
tender offer for the Greek securities in June, said the EU method of measuring
member states’ public finances overstates the level of indebtedness. Athens
“If you really want to be back in the capital markets and soon, you have to deliver, you have to show some early wins,” Kazarian, 58, said. “Show your debt number, give access to it and verify it, and then have the dialogue: ‘So which number is right?’ Is it a legal definition that has absolutely no economic rationality to it, or is the world-class standard the right debt number?”
Thursday, December 5, 2013
BY MARC JONES
LONDON Thu Dec 5, 2013 7:43am EST
(Reuters) - European shares steadied on Thursday after three days of selling, as focus turned to whether the European Central Bank will offer any new economic stimulus after the Bank of England left its interest rates at a record low.
Markets remained under pressure amid speculation about the future of
stimulus. That kept bond yields elevated and left shares struggling to recover
from this week's declines. U.S.
European shares .FTEU3 were virtually flat before the 1245 GMT ECB rate decision and 1330 GMT news conference, as traders waited to hear what the head of the bank, Mario Draghi, had to say..EU