Austria Clearingbank (OeCAG ) has held it’s held its first auction. Clearingbank is a new money auction facility backed by the Austrian government to unfreeze Austria’s interbank lending
In Wednesday’s auction, banks could say how much 2-month and 3-month money they were either offering to lend or requesting to borrow. The Clearingbank matches those bids and […]

Two Waterfront hotels in Cebu owned by businessman William T. Gatchalian are to be auctioned next month.
National Bank has started foreclosure cases against the hotel chain over unpaid debts worth P740 million.
In a statement, Waterfront Philippines, Inc. said it now had the funds to service the bank loan after securing a new contract with Pagcor.
The […]

The Colombian oil licensing agency has auctioned rights to prospect for and produce oil or gas in 22 areas across Colombia.
The ANH, selected ten companies to operate 22 out of the 43 areas auctioned, a statement said.
Colombia is Latin America’s fifth-largest oil exporter.

Quest Software, Inc. has announced its intent to commence a modified “Dutch Auction” tender offer for up to 9,656,000 common shares or approximately 9.1% of its common shares outstanding. Quest’s board of directors unanimously approved the tender offer. The purchase price will not be greater than $14.50 or less than $12.50 per share

Cell Genesys, Inc. has announced that it has commenced a “Modified Dutch Auction” tender offer for a portion of its outstanding 3.125% Convertible Senior Notes due 2011.
Under the “Modified Dutch Auction” procedure, Cell Genesys is offering to purchase, for cash, up to $80 million aggregate principal amount, or up to approximately 67%, of the outstanding […]

The U.S. Treasury will auction $25 billion in 3-year notes, $20 billion in 10-year notes and $10 billion in 29-year, 9-month bonds to refund $54.9 billion in maturing securities and raise around $100 million.
The rest of the government’s record $550 billion in financing requirements will be met with weekly bills, monthly 2-year, 3-year and 5-year […]

The collapse of Iceland’s biggest banks may force sellers to settle contracts at as much as 97 cents on the euro. Iceland’s three major banks will have to pay out more than $7 billion as the banks bonds trade at close to zero in the aftermath of the country’s financial crisis.
A total of 168 counterparties […]

The Indian Government will auction government bonds totalling 100 billion rupees on Nov. 7, the Indian finance ministry announced on Monday. It will sell the 8.24 percent 2018 government bond for 60 billion rupees, and another 8.28 percent 2032 bond worth 40 billion rupees

Industry publication PetrolWorld reported that Yukos’ creditors have decided to auction off the company’s 1,135-strong service station network in a single lot, with an opening price of $296 million.

Auctions for settling cds on the debt of Icelandic banks Glitnir, Kaupthing and Landsbanki will take place on November 4, the International Swaps and Derivatives Association have announced.
All three banks went into receivership this week as a result of the credit crunch.