Archive for April, 2008

China to auction 28 billion yuan 30-year bonds

Wednesday, April 30th, 2008

China’s Ministry of Finance said on Wednesday it would auction 28 billion yuan of 30-year bonds next Wednesday.
The bonds will be issued between May 8 and 13, and begin secondary market trading on May 16.

Emission permit auctions

Tuesday, April 29th, 2008

Australia should hold weekly auctions of greenhouse gas emission permits to avoid imposing an “impossible” financial burden on petrol companies and undermining efforts to cut fuel prices at the bowser, the Rudd Government has been told.
Petrol companies are likely to be required to buy permits for the millions of tonnes of carbon emitted when motorists […]

Muni Auction Market Shrinks

Monday, April 28th, 2008

U.S. municipal borrowers from New York to Los Angeles pushed down yields on auction-rate bonds to the lowest since February by moving to eliminate $55.3 billion, or 33 percent, of the debt they had in the market.
Washington, D.C., Miami-Dade County and other local governments disclosed plans to redeem 136 tax-exempt auction issues totaling more than […]

Indian oil block to be held on time

Monday, April 14th, 2008

The Indian government has said that the seventh round of auction of oil block under the New Exploration and Licensing Policy (Nelp VII) will not be postponed even as there is lack of clarity on tax holidays on gas production.
“The tax holiday withdrawl is a problem but it is not a deal-breaker. The April 25 […]

Clough Capital Partners, LP Announces Intent to Redeem Auction Market Preferred Shares

Thursday, April 10th, 2008

BOSTON -Clough Capital Partners, LP announced today that all three closed-end mutual funds that it manages intends to redeem all outstanding shares of Auction Market Preferred Shares (the “AMPS”), at par. The three funds are the Clough Global Allocation Fund (AMEX: GLV), the Clough Global Equity Fund (AMEX: GLQ) and the Clough Global Opportunities Fund […]

India bond yields steady

Tuesday, April 8th, 2008

Indian federal bond yields were flat in early deals on Tuesday as there was little demand ahead of $5.8 billion of auctions this week, while inflationary concerns dampened sentiment.

TFS Energy Hosts the First-Ever Asian Weather Derivatives Auction

Tuesday, April 1st, 2008

TFS Energy, LLC, a leading interdealer broker and a subsidiary of Compagnie Financiere Tradition, today announced its US and Australia-based weather derivatives division completed the first-ever auction in Asia on behalf of a client who was looking to diversify its weather exposure and to help build liquidity in Japan. Offers were solicited for cumulative average […]