BUnd, Bond e la bbband degli energumeni canuti VM13
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f4f
翠鸟科
Sharnin 2
Forumer storico
Articolo interessante
«Per cambiare strada lo scontro è inevitabile»
di Andrew Lin *
*Psudonimo di un economista cinese, docente in una delle università di Pechino
PECHINO
http://www.ilmanifesto.it/il-manifesto/argomenti/numero/20081218/pagina/11/pezzo/237565/
anche questo
TEMPESTA SULL'ASIA
La crisi manda in tilt il modello Deng
http://www.ilmanifesto.it/il-manifesto/argomenti/numero/20081218/pagina/11/pezzo/237568/
«Per cambiare strada lo scontro è inevitabile»
di Andrew Lin *
*Psudonimo di un economista cinese, docente in una delle università di Pechino
PECHINO
http://www.ilmanifesto.it/il-manifesto/argomenti/numero/20081218/pagina/11/pezzo/237565/
anche questo
TEMPESTA SULL'ASIA
La crisi manda in tilt il modello Deng
http://www.ilmanifesto.it/il-manifesto/argomenti/numero/20081218/pagina/11/pezzo/237568/
Fleursdumal
फूल की बुराई
interessante il finale del nostrano, qualcuna avrà confuso lo s&pmib col bronx e ha fatto partire la macchinette degli acquisti sullo strumento sbagliato
Fleursdumal
फूल की बुराई
carta in arrivo
Peru Advances With Bond Sale to Show ‘Strength’
http://www.bloomberg.com/apps/news?pid=20601009&sid=aOGvjUvVqYSU&refer=bond#
By Drew Benson
Dec. 19 (Bloomberg) -- Peru is advancing with plans to sell its first foreign bonds in almost two years to “demonstrate the economy’s strength” after receiving investment-grade ratings, said Betty Sotelo, the Economy Ministry’s debt director.
The Andean country, the world’s largest silver miner and third-biggest copper producer, would follow Mexico, which yesterday became the first developing nation to tap international debt markets since the global credit crisis deepened in September with the collapse of Lehman Brothers Holdings Inc.
Peru is also seeking to establish benchmark bond yields that will help companies sell debt abroad, Sotelo said in an interview in her office in Lima late yesterday. The government has no pressing need for the cash and doesn’t need the funds to help finance a $3 billion economic stimulus plan that President Alan Garcia announced last week, she said.
“We’re not desperate; we don’t have to place debt to meet financing needs,” Sotelo said. “The government’s goal is to demonstrate the economy’s strength.”
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are advising Peru on the bond sale, she said. The government will wait until at least January to carry out the sale, she said.
Economy Minister Luis Valdivieso, who returned last night from a weeklong trip to meet with investors in New York, Boston, London and Madrid, said in October that the government planned to sell as much as $600 million of 30-year bonds.
Declining Yields
Sotelo said the sale could be bigger because emerging-market borrowing costs have fallen since Valdivieso spoke. Last week, the government authorized a dollar-denominated bond sale of up to $1.35 billion next year.
The yield on Peru’s 6.55 percent bonds due in 2037 has sunk 4.3 percentage points from an Oct. 23 high to 7.54 percent, according to JPMorgan Chase & Co. The bonds yielded 6.87 percent on Sept. 15, the day Lehman collapsed.
Mexico sold $2 billion of 10-year bonds yesterday to yield 5.98 percent, or 3.9 percentage points above Treasuries.
Sotelo declined to provide more details on Peru’s plans. The sale would be Peru’s first in international markets since it issued $1.2 billion of the 6.55 percent bonds in March 2007.
Peru won an investment-grade rating of BBB- from Fitch Ratings in April and Standard & Poor’s in July as surging commodity exports fueled growth and helped the country pay down foreign debt. Moody’s Investors Service rates the debt Ba1, one level below investment grade.
While growth is poised to slow as the global slump drives down commodities from their July record high, Peru may remain one of the fastest growing economies in the region.
Citigroup Inc. said this week that it expects Peru’s economy to expand 6 percent next year, outperforming all major economies in Latin America. That projection is in line with the Economy Ministry’s estimate for next year. The ministry forecasts growth of 9.5 percent this year.
Peru Advances With Bond Sale to Show ‘Strength’
http://www.bloomberg.com/apps/news?pid=20601009&sid=aOGvjUvVqYSU&refer=bond#
By Drew Benson
Dec. 19 (Bloomberg) -- Peru is advancing with plans to sell its first foreign bonds in almost two years to “demonstrate the economy’s strength” after receiving investment-grade ratings, said Betty Sotelo, the Economy Ministry’s debt director.
The Andean country, the world’s largest silver miner and third-biggest copper producer, would follow Mexico, which yesterday became the first developing nation to tap international debt markets since the global credit crisis deepened in September with the collapse of Lehman Brothers Holdings Inc.
Peru is also seeking to establish benchmark bond yields that will help companies sell debt abroad, Sotelo said in an interview in her office in Lima late yesterday. The government has no pressing need for the cash and doesn’t need the funds to help finance a $3 billion economic stimulus plan that President Alan Garcia announced last week, she said.
“We’re not desperate; we don’t have to place debt to meet financing needs,” Sotelo said. “The government’s goal is to demonstrate the economy’s strength.”
Goldman Sachs Group Inc. and JPMorgan Chase & Co. are advising Peru on the bond sale, she said. The government will wait until at least January to carry out the sale, she said.
Economy Minister Luis Valdivieso, who returned last night from a weeklong trip to meet with investors in New York, Boston, London and Madrid, said in October that the government planned to sell as much as $600 million of 30-year bonds.
Declining Yields
Sotelo said the sale could be bigger because emerging-market borrowing costs have fallen since Valdivieso spoke. Last week, the government authorized a dollar-denominated bond sale of up to $1.35 billion next year.
The yield on Peru’s 6.55 percent bonds due in 2037 has sunk 4.3 percentage points from an Oct. 23 high to 7.54 percent, according to JPMorgan Chase & Co. The bonds yielded 6.87 percent on Sept. 15, the day Lehman collapsed.
Mexico sold $2 billion of 10-year bonds yesterday to yield 5.98 percent, or 3.9 percentage points above Treasuries.
Sotelo declined to provide more details on Peru’s plans. The sale would be Peru’s first in international markets since it issued $1.2 billion of the 6.55 percent bonds in March 2007.
Peru won an investment-grade rating of BBB- from Fitch Ratings in April and Standard & Poor’s in July as surging commodity exports fueled growth and helped the country pay down foreign debt. Moody’s Investors Service rates the debt Ba1, one level below investment grade.
While growth is poised to slow as the global slump drives down commodities from their July record high, Peru may remain one of the fastest growing economies in the region.
Citigroup Inc. said this week that it expects Peru’s economy to expand 6 percent next year, outperforming all major economies in Latin America. That projection is in line with the Economy Ministry’s estimate for next year. The ministry forecasts growth of 9.5 percent this year.
f4f
翠鸟科
interessante il finale del nostrano, qualcuna avrà confuso lo s&pmib col bronx e ha fatto partire la macchinette degli acquisti sullo strumento sbagliato
quicksilver
Forumer storico
gipa69
collegio dei patafisici
uncle magilla
Banned
vedi, QuickS, che su qst 3d ci vogliono i sottotitoli?
un'immagine vale più di mille parole della fed
g
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