How the world sees Greece
Greek government bonds, pariah of global markets for much of this year, are back in favour once again as investors bet that the country’s latest rescue deal has left it on the cusp of inclusion in Europe’s €1.1tn bond buying programme. Prices for ...
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LONDON, Aug 21 (Reuters) - This month's sharp rally in Greek government bonds has gone into reverse as early elections increase uncertainty over ...
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From afar, it looked like finally some good news for Greek markets as returns on government bonds beat European peers. Close up, most investors ...
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Greek bonds declined as a government official said Prime Minister Alexis Tsipras was set to propose snap elections. Italian bonds also fell. Tsipras ...
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Greece gave the order for the repayment of about 3.2 billion euros ($3.6 billion) of bonds held by the European Central Bank, a Finance Ministry ...
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While Greece's third bailout will spare depositors in any restructuring of the nation's financial system, senior bank bondholders may not be so lucky, ...
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Greek bonds also rose as investor concerns about obstacles to future debt negotiations eased. Peripheral bonds outperformed securities from ...
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Senior bonds of Greek banks fell after Eurozone officials said there would be no confiscation of deposits to protect the institutions. The post Greek Bank Bonds Take Dive appeared first on The National Herald.
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Source: www.rawstory.com - Monday, August 03, 2015 The US territory of Puerto Rico, deep in economic crisis, has defaulted on part of its $73-billion debt by missing a bond payment due on Monday, rating firm Moody’s said. “Bondholders today did not receive full and timely payment of debt service due August 1 on bonds issued by the Puerto...All Related
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RBS recommends buying five-year Greek bonds in the expectation that the European Central Bank (ECB) will buy up Greek bonds under its ...
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Ljubljana (AFP) - Slovenia raised 1.25 billion euros ($1.37 billon) in 10-year bonds, the first euro bond issued by a eurozone country since a bailout deal was reached with Greece, the government announced Wednesday. The bonds, maturing in 2025, were sold on Tuesday with a 2.125-percent interest rate and at 98.883 percent of the nominal value, the finance ministry said in a statement. "Slovenia successfully re-opened the European Sovereign primary market following a period of intense negotiations between Greece and international lenders that kept investors captive," the ministry said. Demand for Slovenian sovereign bonds reached 2.6 billion euros, it added. This was Slovenia's second bond issue after it raised in March 1.0 billion euros in 20-year bonds with a 1.553-percent yield, the lowest ever for Slovenia. Slovenia, a former Yugoslav state that joined the eurozone in 2007, saw its economy starting to recover last year after narrowly avoiding a bailout in 2013. Join the conversation about this story »
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In a symbolic gesture that prevented another payment default, Greece repaid samurai bonds maturing on Tuesday, July 14, to private creditors in Japan. “The payment was made, the funds should be credited in the bondholders’ accounts,” a Greek government official said to Reuters. “The 20 billion yen payment (148 million euros) was confirmed this morning,” Japan’s Mizuho Financial Bank spokeswoman told AFP. Samurai bonds are yen-denominated bonds issued in Tokyo by a non-Japanese company and subject to Japanese regulations, giving the borrowers access to Japanese capital. The proceeds from the issuance of samurai bonds can be used by non-Japanese companies to break into the Japanese market, or it can be converted into the issuing company’s local currency to be used on existing operations. Samurai bonds can also be used to hedge foreign exchange rate risk. Greece has already missed a 1.6-billion-euro debt payment to the International Monetary Fund (IMF) in June and an additional 450-million-euro payment that was due on Monday.
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London, 01 July 2015 -- Moody's Investors Service has today downgraded Greece's government bond rating to Caa3 from Caa2 and placed the rating ...
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You wouldn't know from looking at the Greek bond market that the nation may be hurtling toward default. None of the government's bonds traded ...
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Persistent worries over Greece boosted demand for ultrasafe U.S. government bonds on Tuesday, sending bond prices higher for a second consecutive session. A $25 billion sale of four-week Treasury debt drew the strongest demand since September. Demand was ...
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Italian, Spanish and Portuguese bond yields leapt on Tuesday in one of the most serious episodes of contagion since the height of Europe's debt crisis after the latest breakdown in talks between Greece and its creditors.
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Standard & Poor’s Ratings said on Monday that it would not move the ratings on Greece to ‘SD’ (selective default) should the government miss making payments on bonds maturing in July and August totaling 6.7 billion euros held by the European Central Bank (ECB). “That’s because our sovereign ratings pertain to a central government’s ability and willingness to service financial obligations to commercial (nonofficial) creditors and we consider the ECB to be an official creditor,” the ratings agency said. S&P said in an announcement that the bonds in question are the result of a bond swap in early 2012 whereby the ECB exchanged an approximate €50 billion par amount of Greek government bonds it had purchased through the now-defunct Securities Market Program, for an equivalent par amount of new bonds. Some of these new bonds are falling due in July and August. “To our knowledge, the ECB has retained the totality of the new Greek sovereign bonds it received in the 2012 swap. Therefore nonpayment of those bonds would not directly affect any commercial creditors. In such an event, Standard & Poor’s would therefore not move its sovereign rating on Greece to ‘SD’ (selective default). All other things being equal, however, such nonpayment would likely constitute a negative factor in our analysis and could lead to a lower, albeit nondefault, long-term sovereign rating than the current ‘CCC’ rating,” S&P said. (source: ana-mpa)
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Failure by Greece to repay 6.7 billion euros worth of bonds held by the European Central Bank and maturing at the end of July would not constitute default under Standard and Poor's criteria, the ratings agency said on Monday. It said its sovereign ratings criteria related to a government's ability and willingness to service obligations to commercial creditors and it considered the ECB as an official creditor.
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Investors in Greek equities may be in an unusually optimistic mood on Tuesday, but instead all of the drama is in the bond market. The yield on ...
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But ignore Monday's tumbling Greek equities and look at bonds issued by Europe's most indebted nation. The yield on Greece's 10 year bond ...
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