Paris and Berlin at odds over key plank of eurozone reform plans – Financial Times – 10/10/2017

French president Emmanuel Macron’s plans to make common cause with Germany to reform the eurozone have suffered an early setback as Berlin pushes proposals for sovereign debt writedowns that Paris fears could shatter investor confidence in the single currency.

Source:  Financial Times, 10/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

European Central Bank made almost €8bn from Greece’s financial crisis – RT – 11/10/2017

The European Central Bank (ECB) has profited handsomely from its holdings of Greek government debt, according to a document seen by the Financial Times.

Source:  RT, 11/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

IMF warns Nigeria, others over rising foreign debt – The Nation – 12/10/2017

The International Monetary Fund (IMF) yesterday warned the Federal Government about its rising debt profile, especially of foreign loans.

Source:  The Nation, 12/10/2017

By |October 12th, 2017|Categories: News|Tags: , , |

Spanish Crisis Sends Debt Insurance Costs Surging Across Southern Europe – New York Times – 04/10/2017

Spain's deepening political crisis drove up the cost of insuring exposure to Spanish sovereign and bank debt to multi-month highs on Wednesday and rippled out to Italian and Portuguese credit default swap (CDS) markets.

Source:  New York Times, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

Ireland raises €4bn in negative yield bond sale – Financial Times – 04/10/2017

Ireland has sold its first ever bond with a coupon of zero per cent, with the country effectively being paid to borrow €4bn over five years. The country brought in more than €10bn of orders for the debt, which matures in 2022. The bond, which is priced slightly above par, came at a yield of [...]

By |October 5th, 2017|Categories: News|Tags: , , |

Trump’s First Move on Puerto Rico Debt Is a Classic Emerging Markets Play – Bloomberg – 04/10/2017

President Donald Trump’s starting point for repaying Puerto Rico’s $74 billion in debt -- zero -- isn’t just hallmark behavior from the man who wrote “The Art of the Deal.” It recalls some classic emerging-market sovereign debt restructurings of recent years.

Source:  Bloomberg, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

Venezuela: Profit in Bonds, Despite Default Risk – Barron’s – 04/10/2017

With the risk that Venezuela's cash-strapped government could default on debt payments, and U.S. government sanctions restricting bond investment in Venezuela, Nomura Securities offered advice Wednesday on what government and state oil company bonds remain attractive.

Source:  Barron's, 04/10/2017

By |October 5th, 2017|Categories: News|Tags: , , |

Saudi Arabia Sells $12.5 Billion of Bonds – The Wall Street Journal – 27/09/2017

DUBAI—Saudi Arabia on Wednesday sold $12.5 billion worth of bonds, the largest sovereign debt issue this year, as the kingdom taps the international markets again to bolster its finances hurt by lower oil prices.

Source:  The Wall Street Journal, 27/09/2017

By |September 28th, 2017|Categories: News|Tags: , , |

Namibia set sights on reducing sovereign debt – Southern African – 25/09/2017

Windhoek – Namibia’s finance minister, Calle Schlettwein said that plans are in place to reduce the country’s sovereign debt of 41.9 percent to 30 percent in the coming years. Information provide to The Southern Times by the finance ministry, last week, states that Namibia’s sovereign debt stands at 41.9 percent, which translates to more than [...]

By |September 28th, 2017|Categories: News|Tags: , , |

Debt boom in India and China threatens new financial crisis, warns World Economic Forum – The Telegraph – 26/09/2017

Bad loans in India have more than doubled in the past two years, while in China’s financial system “business credit is building up similarly to the United States pre-crisis, and could be a new source of vulnerability.”

Source:  The Telegraph, 26/09/2017

By |September 28th, 2017|Categories: News|Tags: , , |