Pre-migration untagged articles

Fears that Ecuador will try to restructure its debt soared this week when President-elect Rafael Correa reiterated his campaign rhetoric that the country's debt service payments would be lower after he takes office in January. "The amount has to be lower on debt servicing or the nation can't develop," Correa told reporters during the week, after his surprise victory in the second round of presidential elections on Sunday.

The constant proportion debt obligation, the hot new structured credit product of the past four months, has begun producing new structural offshoots and variations.

December is here, and it's time to put on your singing ties and open those advent calendars. Although, judging by the amount of parties going on, we reckon that most of you would prefer to find an Alka-Seltzer when you open each window, rather than the traditional chocolate.

Finnish paper company M-Real issued its second high yield bond of the year this week, as investors continued the recent trend of ordering junk paper in droves.

Finnish paper company M-Real issued its second high yield bond of the year this week, as investors continued the recent trend of ordering junk paper in droves. The Eu400m senior unsecured four year transaction priced at 362.5bp over Euribor, the tight end of the 375bp area over guidance — a margin of 12.5bp on either side of the guidance level is accepted as being within the same range.

Issuance continued apace in the senior sector of the financial institutions bond market this week.