Archive for August, 2007

UK Debt Management Office confirms schedule of 9 gilt auctions for Oct-Dec

Friday, August 31st, 2007

The UK’s Debt Management Office confirmed it will hold nine gilt auctions in the third quarter this year and published the dates.
The auctions will be held as follows:
- October 2: a new conventional gilt maturing on Dec. 7, 2030 - October 10: 1 7/8 pct index-linked Treasury gilt maturing 2022 - October 24: 1 1/8 […]

Hong Kong govt to auction CDMA2000 spectrum licence

Friday, August 31st, 2007

The government will auction in late October or early November the radio spectrum for mobile services based on the CDMA2000 standard, the Office of the Telecommunications Authority (OFTA) said.
The licence will have reserve price of 76 mln hkd, it said.
The auction will be the second in Hong Kong for assignment of radio spectrum since the […]

CantorCO2e goes online to auction carbon credits

Thursday, August 30th, 2007

CantorCO2e, a leading global financial services provider in the carbon market, is introducing an auction platform for the issued carbon credits from the third week of September.
The company claims the process would be risk-free, bring down transaction cost and help sellers as small number of carbon credits get buyers easily.
It would be an […]

South African power utility Eskom to auction ES26 bonds

Wednesday, August 29th, 2007

South Africa’s power utility Eskom will issue ES26 bonds on September 5, the company said on Wednesday.
Eskom said the bond’s bidding methodology would be on a spread basis to the government’s R186 bond maturing in 2026.
The company has embarked on a multi-billion rand programme to upgrade old infrastructure and build new plants to meet growing […]

Ditech Networks Announces Intention to Initiate Dutch Auction Self-Tender Offer for Its Common Stock

Wednesday, August 29th, 2007

Ditech Networks, Inc. , today announced that its board of directors has authorized a Dutch auction cash self-tender offer to purchase up to 9,100,000 shares of its common stock at a range of $4.90 to $5.50 per share. If Ditech Networks purchases the maximum number of shares, the total cost will be between approximately $44.6 […]

Japans 20-Year Yield Holds Near Two-Week High Before Auction

Tuesday, August 28th, 2007

Japan’s 20-year bond yields held at the highest in almost two weeks before the government sells 800 billion yen ($6.9 billion) of the securities today.
Demand fell at the previous auction of the debt in July, which drew bids for 3.63 times the amount on offer compared with 3.89 times in June. The Bank of Japan […]

Colombia Pre-Selects 11 Cos For Caribbean Oil Fields Auction

Tuesday, August 28th, 2007

The Colombian government has pre-selected 11 companies to bid for oil and gas exploration rights in 13 offshore areas in the Caribbean coast, the National Hydrocarbon Association, the government’s oil-licensing agency, said in an emailed statement Monday.
The Colombian government fully pre-selected state-owned Ecopetrol SA, U.S.- based Chevron Corp. (CVX) and Japan-based Teikoku Oil Co. These […]

Vietnam re-insurer mobilizes $2.7 mln from share auction

Monday, August 27th, 2007

The national Re-Insurance Corporation’s US$2.75 million in sales represented 6 percent of its plan to sell 12.58 million shares.
The average winning price at the auction last week was VND60,000 ($3.7), reported the Hanoi Securities Trading Center. The average price was the shares’ opening offer.
Foreign investors snapped up 280,000 shares, according to a statement by the […]

Russian Central Bank in Record Repo Lending

Monday, August 27th, 2007

The Central Bank injected a record 192 billion rubles ($7.4 billion) into the banking system through repo auctions Friday after the U.S. subprime mortgage crisis raised concerns about a global credit crunch.
The Central Bank lent 116 billion rubles at the rate of 6.05 percent Friday morning and 76.2 billion rubles at 6.11 percent later in […]

Petrobras Evaluates Data For Oct 3 Gulf E&P Auction

Friday, August 24th, 2007

Brazil’s state-run oil firm, Petroleo Brasileiro SA (PBR), or Petrobras, is evaluating geological and geophysical data to participate in an Oct. 3 auction of oil and gas blocks in the central and eastern Gulf of Mexico.
The U.S. Mineral Management Service, or MMS, will hold the auction called Lease Sale 205, Petrobras said in a late […]