credit-markets

Spanish Borrowing Costs Jump at 2.5 Billion-Euro, Three-Year Bond Auction

by on February 4, 2010

By Matthew Brown Feb. 4 (Bloomberg) — Spanish borrowing costs rose at a sale of three-year notes on concern that the government will struggle to narrow its budget deficit. The government sold 2.5 billion euros ($3.5 billion) of the securities to yield 2.63 percent today, compared with 2.14 percent the last time the notes were issued on Dec. 3. The sale attracted 4.6 times as many bids as securities on offer, up from 1.72 at the last sale. “The focus is shifting toward Spain and Portugal where the deficit-reduction plans have been far less ambitious than Greece,” said Kornelius Purps , a fixed-income strategist in Munich at UniCredit Markets & Investment Banking. Spanish government bonds fell, pushing the yield on the two-year note up 8 basis points to 2.24 percent as of 10:42 a.m. in Madrid. To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

See the original post:
Spanish Borrowing Costs Jump at 2.5 Billion-Euro, Three-Year Bond Auction

Tagged as: , , , , , , , , ,

{ 0 comments }

Video: Schroeder Says Stricter Regulation Needed on Bank Risk

by on January 8, 2010

Jan. 8 (Bloomberg) — Karsten Schroeder, chief executive officer of Amplitude Capital LLP, talks with Bloomberg’s Rishaad Salamat about risk-taking by banks and the condition of credit markets.¶¶ Central bankers will hold talks with banking executives at the Bank for International Settlements in Switzerland this weekend amid concern financial companies are rebuffing a push to increase regulation and temper risk-taking as the financial crisis ebbs. Schroeder speaks in Zurich.

Read the original post:
Video: Schroeder Says Stricter Regulation Needed on Bank Risk

Tagged as: , , , , , , , , , , , , , ,

{ 0 comments }

Video: Jefferies’s Peckham Discusses U.S. Stocks, Fed Policy: Video

December 23, 2009

Dec. 23 (Bloomberg) — Craig Peckham, an equity trading strategist at Jefferies & Co., talks with Bloomberg’s Julie Hyman about the outlook for the U.S. stock market. Peckham also discusses credit markets, Federal Reserve monetary policy and the U.S. economy. (This is an excerpt of the full interview. Source: Bloomberg)

Read the full article →

Video: Commerzbank’s Costa Sees Abu Dhabi Taking on Dubai Debt: Video

November 27, 2009

Nov. 27 (Bloomberg) — Luis Costa, an emerging markets debt strategist at Commerzbank AG, talks with Bloomberg’s Mark Barton about the ability of Dubai to repay its debt. Dubai World, the company’s state-owned parent, will ask creditors for a “standstill” agreement on debt including $3.5 billion in Nakheel bonds that mature on Dec. 14. It’s the biggest maturity for a Dubai entity since credit markets froze last year. (Source: Bloomberg)

Read the full article →

Sands China Raises $2.5 Billion in Hong Kong Offering at Low End of Range

November 20, 2009

By Chia-Peck Wong and Michael Tsang Nov. 21 (Bloomberg) — Sands China Ltd. and its parent, the casino company controlled by billionaire Sheldon Adelson , raised HK$19.4 billion ($2.5 billion) in a Hong Kong share sale conducted at the low end of its forecast range. A total of 1.87 billion shares were sold at HK$10.38 each, compared with the HK$10.38 to HK$13.88 that the company sought, according to Bloomberg data. Sands joins Wynn Macau Ltd. in selling shares in Hong Kong after other casino operators surged this year. Las Vegas Sands Corp.’s shares surged 176 percent this year, after dropping 94 percent in 2008. Sands China’s share of the proceeds, together with $1.75 billion in bank financing, will help it resume construction of the 13.3 million square foot (1.24 million square meters) casino-resort that was halted in November 2008 after credit markets seized up and revenue dwindled . The completion of the project will help strengthen Adelson’s challenge to 87-year-old magnate Stanley Ho , who controls SJM Holdings Ltd., the biggest casino operator by market share in Macau, the world’s largest gambling hub. Adelson, 76, is betting that more convention space, hotel beds and shopping malls will entice visitors to stay longer in the world’s biggest gambling hub. To contact the reporter on this story: Chia-Peck Wong in Hong Kong at cpwong@bloomberg.net ; Michael Tsang in New York at mtsang1@bloomberg.net .

Read the full article →

‘Lazy’ balance sheets now ‘de rigueur’

November 9, 2009

The Reserve Bank says Australian companies are returning to more conservative balance sheets, and reversing the debt boom of the Noughties. In a speech on ‘reconnecting corporate Australia with frozen credit markets’, the bank’s head of domestic markets,

Read the full article →

GMAC posts smaller net loss in 3rd quarter on improved results in …

November 4, 2009

May 9th, 2009 How could a government-run GMAC reshape car sales ?DETROIT — With the federal government almost certain to take control of GMAC Financial Services, analysts suggest it could become a loan machine that gives General Motors and Chrysler a … GMAC says 1st -qtr loss widens to $675M as credit markets weigh on auto, mortgage businesses. May 6th, 2009 GMAC won’t necessarily follow GM to Chapter 11NEW YORK — GMAC Financial Services said Tuesday that it will not be …

Read the full article →

Lower Uncertainty for Senior Housing

September 18, 2009

uncertainty rating for Senior Housing Property Trust SNH to high from very high. Recent improvements in the commercial real estate credit markets and Senior Housing’s sound capital structure quell some of our uncertainty surrounding the company. Senior

Read the full article →

Commercial Real Estate Players Welcome TALF Extension

August 18, 2009

The Federal Reserve this week extended the emergency program to help jumpstart credit markets by providing loans to buy bonds backed by commercial real estate mortgages. CRE capital market participants and industry advocates applauded, saying the added…

Read the full article →

Simon and Duke in bond sales

August 8, 2009

Simon Property Group, the biggest U.S. shopping-mall owner, led $1.25bn of real estate company bond sales this week, raising cash for possible acquisitions as credit markets eased. The real estate investment trust doubled the size of a previously planned

Read the full article →

Strategies for over-leveraged property owners

July 31, 2009

By: Jason Q. Freed Hotel and Motel Management NATIONAL REPORT?The progression of the real estate industry has gone from bad to worse

Read the full article →

Lithuania’s housing prices deflate

February 11, 2009

Lithuania’s house prices continue to fall, with its economy stagnating and the credit markets frozen.

Read the full article →