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Italy's borrowing cost at record low on 12-month bonds ROME: Italy raised 7.5 billion euros ($10.4 billion) on Thursday in a sale of 12-month bonds with the rate falling to a record low of 0.589 percent, the Bank of Italy said.The rate at a similar auction on March 12 was 0.592 percent, the central bank said in a statement.Demand was 1.36 times higher than the offer and the amount sold was the maximum planned, it added.Italy's borrowing costs have fallen drastically in recent months amid increased investor confidence, allowing Prime Minister Matteo Renzi's new government to save money on interest payments from the budget.The low rate for Italian debt coincided with a breakthrough return to medium-term bond markets by Greece on Thursday, in a major sign that the eurozone debt crisis is fading. Copyright AFP (Agence France-Presse), 2014 ...

Greece sets price guidance at 5pc area on new five-year LONDON: Greece has set final price guidance on its first international benchmark bond issue since 2010 at 5pc area according to sources. The order book on the five-year issue is in excess of 17.5bn with more than 450 orders. The transaction will be priced later today within a range of plus or minus 5bp around 5pc.Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan and Morgan Stanley are arranging the sale. Greece ...
Prices gain after three-year note auction NEW YORK: US Treasuries prices rose on Tuesday after the US government sold $30 billion in new three-year notes to better-than-average demand, and as investors looked ahead to the release of the minutes from the Federal Reserve's March meeting on Wednesday.The government sold the new three-year debt at a high yield of 0.90 percent, the same level where the notes were trading before the auction.Direct bidders that are included by some central banks, large fund ...
Turkish 15-month zero coupon bond yields 9.96pc ISTANBUL: Turkey's Treasury sold a 15-month zero coupon bond at yield of 9.96 percent in a tap on Tuesday, below a forecast of 10.13 percent in a Reuters poll. Sales of the zero-coupon bond stood at 554.9 million lira($263 million). Copyright Reuters, 2014 ...
Indonesia raises 1.56 trillion rupiah of Islamic bonds, above target JAKARTA: Indonesia's finance ministry raised 1.56 trillion rupiah ($138.02 million) at an Islamic bonds auction on Tuesday, above an indicative target of 1.5 trillion rupiah, the ministry's debt office said. The ministry sold all offered bonds with total incoming bids of 3.576 trillion rupiah, higher than 3.362 trillion rupiah on March 25 auction. The weighted average yield for six-month Islamic bonds was 6.14062 percent, while the yield for six-year project-based sukuk was 8.01970 percent.The yield ...
Sri Lanka sells 5 year, $500mn sovereign bond at 5.125pc yield COLOMBO: Sri Lanka sold a $500 million, five-year sovereign bond at a yield of 5.125 percent, the island nation's central bank said on Tuesday. It was the second eurobond the $67 billion economy sold this year. In January, it sold $1 billion, five-year sovereign bond at a yield of 6 percent.The Indian Ocean island nation's 2014 budget approved a $1.5 billion overseas borrowing to finance some infrastructure projects. The latest bond issue, the seventh by ...
US Fed awards $94.739bn in reverse repos NEW YORK: The US Federal Reserve awarded $94.739 billion in reverse repurchase agreements on Monday after it increased the maximum amount banks, money market funds and other participants can bid for them, the New York Federal Reserve said.This was slightly lower than the $95.224 billion the central bank awarded on Friday.Late Friday, the New York Fed said the reverse repo limit for each participant will be raised to $10 billion per day, starting Monday, from ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
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WeeklyApril 14, 2014
Reserves $9.713 bln