Nigeria has reached the end of a huge debt elimination programme under the administration of its president, Olusegun Obasanjo, though an auction has not settled all the country’s remaining legacy debt.
Of roughly 1.76m oil warrants auctioned, about 21 per cent, were bought back at the government’s indicated minimum price of $220, at a total cost […]

The average weighted price for Bank of Russia Bond (OBR) series 04001-7 (maturing on October 18, 2007 and with a built-in put option) offered at auction Thursday was 97.5875% of face value, which corresponds to yield of an annual 5.28%.
The Central Bank reported that 123.484 billion rubles (face value) worth of the bonds were sold […]

Hungary’s Government Debt Management Agency (ÁKK) is set to hold an auction of HUF 75 billion of 2010 local debt. Despite still overweight positions in local debt Dresdner Kleinwort expects to see relatively strong demand provided there is no more serious deterioration of risk appetite.
“The foreign holdings of local debt show that there has […]

RBI today conducted an auction to sell 364 day-T-bills for Rs 20 billion, out of which Rs 10 billion was market stabilization scheme (MSS) amount.
At a multiple price-based auction, RBI received 118 bids worth Rs 105.11 billion for the bills. 20 competitive bids worth Rs 20 billion were accepted . Out of this accepted […]

talian energy companies Eni and Enel have come together with Russian group ESN in order to bid at the next round of the auction of Yukos’ assets, set for April 4, according to Russian daily newspaper Vedomosti.
They have registered their intention to bid via Energogaz, a trust set up by the group, worth 1.11 bln […]

Russia’s state-run oil producer Rosneft [RTS: ROSN] said Tuesday it will use the stock it bought back from Yukos to acquire assets in Russia and abroad.
Rosneft bought back its 9.44% stake held by Yukos in the first auction to sell the bankrupt oil company’s assets through a 100%-controlled subsidiary, RN-Razvitiye, earlier Tuesday.
“Rosneft regards company shares […]

Russian oil firm Rosneft won an auction on Tuesday for a block of its shares held by bankrupt oil firm YUKOS after rival bidder TNK-BP dropped out just a shade above the starting price.
State-controlled Rosneft, which has been widely tipped to take over the bulk of YUKOS’s assets, paid 197.84 billion roubles (3.87 billion pounds) […]

The public auction to sell the 25.03 percent stake held by RAO “UES of Russia” (RTS: EEST/EESRP, EESRG/EESRPG; MICEX: EESR/EESRP; LSE: UESD; FSE: UES; US OTC: USERY/ USEPY) in OAO “WGC-5″* will be held on 6 June 2007. Bids will be accepted from 27 March through 28 May 2007.
The reserve price is equal to […]

The $22bn (£11bn) auction of the assets of the bankrupt oil firm Yukos is due to begin in Russia.
First under the hammer will be a 9.4% stake in the state-controlled oil company Rosneft and debts owed by the former oil production unit of Yukos.
The starting price for the assets will be 195.5bn roubles ($7.5bn; £3.8bn).
The […]

Morgan Stanley is in the process of holding an auction for $2.48 billion in mortgages from subprime lender New Century Financial, The New York Post reported Monday.
The loans represent the collateral given to Morgan Stanley for a $2.5 billion credit line the firm extended to New Century Financial.
As New Century, of Irvine, Calif., sank deeper […]