The average weighted price for Bank of Russia (OBR) bond series 04003 offered at auction Thursday with mandatory buyback on June 15, 2007 was 98.467% of face value, which corresponds to yield of an annual 4.78%.
The Central Bank reported that 2.322 million rubles (face value) worth of the bonds were sold of a 10 billion […]

The Brazilian Central Bank said late Monday that it would sell the equivalent of $450 million in foreign-exchange swap contracts at an auction Tuesday.
The bank said it would offer 9,900 reverse-swap contracts at three different maturities. The contracts on offer Tuesday will help roll over the $450 million in previously sold reverse-swap contracts that […]

Shares in Vodafone are expected to open higher on Monday after it beat rival suitors with an $11.1 billion bid for a controlling stake in Hutchison Essar, India’s fourth-biggest mobile phone firm.
The deal, confirmed late on Sunday, gives British-based Vodafone a powerful stake in the world’s second-biggest and fastest-growing mobile phone market.
It is also a […]

Three private equity firms are competing in an auction to acquire controlling interest in Victor Co. of Japan, parent of JVC of America, from Matsushita Electric Industrial, according to a report from the Wall Street Journal.
The firms, which include San Francisco-based Texas Pacific Group, Hong Kong-based CCMP Capital Asia and London-based Permira Advisers have reportedly […]

Romania’s central bank unexpectedly cut the benchmark interest rate by three quarters of a percentage point to 8% after inflation slowed and the leu strengthened before the country joined the European Union.
The National Bank of Romania’s decision surprised all 11 economists in a Bloomberg survey. Seven predicted no change, three forecast a cut of half […]

Merck KGaA has declined to comment on a report in Hindustan Times that it will auction its generic drugs business in March.
A Merck spokesman added that the company has not yet ‘finally mandated’ a bank to advise it on the sale, contrary to the Hindustan Times report that Bear Stearns is set to invite non-binding […]

Japanese government bond futures rose on Thursday as a five-year note auction drew the best demand since April 2005, even as a Bank of Japan policymaker kept the market guessing about whether a rate rise could come this month.
The re-opening of the 61st five-year issue drew bids totalling 4.58 times the 2.0 trillion yen ($16.6 […]

Germany’s Merck KGaA will auction its generic drugs business in March, the Hindustan Times reported, with the German drug major’s advisor for the deal, Bear Stearns, set to invite non-binding bids in the first week of the month.
India’s top drug firms, Ranbaxy Laboratories Ltd, Dr. Reddy’s Laboratories and Cipla Ltd are finalising advisors for the […]

he 182 day-T-bill auction held by RBI on Feb. 7 was over-subscribed on the back of improved liquidity in the banking system. The previous auction held on Jan 24 was under-subscribed on account of the tight liquidity condition.
At a multiple price-based auction, RBI received 57 bids worth Rs 37.9 billion for the papers. Out […]

RBI has announced that it will auction 7.37% Government stock 2014` for a notified amount of Rs 60 billion on Feb. 9. On the same day, it will sell `8.33% Government Stock 2036` for Rs 30 billion.
The investors remained on the sidelines ahead of this auction, said a dealer. “There is also no investment […]