Archive for April, 2007

Japanese govt bonds end morning mixed ahead of auction result, US CPI

Tuesday, April 17th, 2007

Japanese government bond prices ended the morning session mixed, investors having bought longer tenors in the expectation that the results of today’s auction of 30-year bonds will be favorable, dealers said.
But dealers said investors had been cautious as they awaited the reaction of the US bond market to the US consumer price data for last […]

Investor Auctions Missouri Portfolio for $5.3M

Thursday, April 12th, 2007

Bob Pelts, a private investor, has sold a Missouri portfolio comprised of development parcels and an industrial building for $5.3 million.
Pelts auctioned the properties through Memphis-based Roebuck Auctions. Johnny Mitchum of Roebuck Auctions assisted in the deals.
The portfolio includes:
A 20,010-square-foot industrial facility on 1.4 acres at 2477 Globe Cove in Southaven. It […]

Fannie Mae Announces New Issue 10-Year Benchmark Notes(R) and Reopening of 3-Year Benchmark Notes

Wednesday, April 11th, 2007

10-Year (New Issue) 3-Year (Reopening) Pricing Date April 12, 2007 April 12, 2007 Settlement Date April 16, 2007 April 16, 2007 Maturity Date May 11, 2017 March 12, 2010 Issue Size/Outstanding $3 billion $1 billion/$4 billion Coupon TBD 4.750 % Payment Dates Each May 11th and Each March 12th and November 11th, September 12th, beginning […]

Japans Notes May Fall as Traders Likely to Sell Before Auction

Wednesday, April 11th, 2007

Japan’s five-year notes may fall for a third day on speculation traders will sell the debt to guard against a rise in yields at a government auction tomorrow.
Higher yields will increase the likelihood the Ministry of Finance will raise the coupon on the five-year securities to 1.3 percent, the most in three months. Bank of […]

Bao Viet to sell 8.74% of chartered capital through auctions

Tuesday, April 10th, 2007

The Ministry of Finance has officially approved a plan to change Bao Viet, the nation’s biggest insurer, into a joint stock company.
Under the plan, nearly 60mil shares, or 8.74% of chartered capital of Bao Viet, will be sold through auctions at a securities trading centre.
The joint stock company, Bao Viet Group, will have the total […]

Uranium Rises to Record $113 a Pound in U.S. Auction

Tuesday, April 10th, 2007

Uranium prices rose 19 percent to a record $113 a pound at a U.S. auction because of increasing demand for the fuel used in nuclear power plants, industry consultant TradeTech LLC said.
Mestena Uranium LLC, a uranium producer based in Corpus Christi, Texas, offered 100,000 pounds of yellowcake at last week’s auction, TradeTech said. Yellowcake is […]

Russian agency to auction Yukos Samara assets, sales units May 10

Monday, April 9th, 2007

Russia’s Federal Property Fund plans to auction on May 10 bankrupt oil company Yukos’ assets based in the Samara Region and a number of Yukos sales subsidiaries, the agency said in a report published Monday in Rossiiskaya Gazeta, the government’s official publication.
Bids for the auction will be accepted from Monday until May 7, the […]

US Treasury Auctions

Monday, April 9th, 2007

The Treasury’s schedule of financing this week includes today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow.
At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was 5.03 percent. The rate on the six-month issue was 5.09 percent, and […]

Citibank acquires Taiwans Bank of Overseas Chinese

Monday, April 9th, 2007

Citibank, the largest US bank, acquired the Bank Bank of Overseas Chinese (BOOC) on Monday, adding one million clients and increasing its Taiwan branches six-fold.
The transaction, which is subject to shareholder and regulatory approvals, is anticipated to close in the second half of 2007. Citi Markets & Banking was the sole financial adviser to Citi […]

Russia to seal YUKOS demise with Samara auction

Friday, April 6th, 2007

YUKOS’s receiver Eduard Rebgun told Reuters on Friday the committee of creditors had decided to auction the production unit and refineries in a single lot.
The decision will reinforce market participants’ expectations that state-controlled oil firm Rosneft (ROSN.MM: Quote, Profile , Research) will buy the group of assets.
It took out a $22 billion credit at the […]