Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
'Everyone is ready for summer to be over' as SSA wave builds for Monday
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
More articles/Ad
More articles/Ad
More articles
-
The Greek bail-out will be signed off by Eurozone finance ministers at an Ecofin meeting in Brussels on Monday, giving the final go-ahead to the €130bn package following the successful PSI operation last week. However, the new Greek bonds in the debt swap are already trading at distressed levels, reflecting the market view that Greece will need further help down the line. -
Greece’s private sector debt swap was passed on Friday, the sovereign achieving enough support from bond holders to use collective action clauses to push through the restructuring. Market sentiment was cheerful despite the overwhelming likelihood that the use of the CACs will be ruled a credit event on Greek credit default swaps.
-
-
The Greek private sector debt swap looked to be done and dusted on Thursday night, as EuroWeek went to press.
-
Czech Export Bank made its debut in the syndicated bond market on Thursday, with a 25bp premium to the sovereign for the explicitly-guaranteed credit helping create a blow-out success.
