bailout bond

(redirected from Bailout Bonds)

Bailout bond

A bond issued by the Resolution Funding Corporation (Refcorp) to save the failing savings and loan associations in the late 1980s and early 1990s.

Bailout Bond

A bond issued by the Resolution Funding Corporation in order to raise funds for the Resolution Trust Corporation. That is, bailout bonds were issued in order to pay for the closure, reorganization, and the financing of savings and loans that went bankrupt during the S&L crisis. The principal on bailout bonds were guaranteed by zero-coupon Treasury bonds, meaning that they were backed by the full faith and credit of the United States government. See also: Financial Institutions Reform, Recovery and Enforcement Act of 1989.

bailout bond

U.S. government-guaranteed debt issued by the Resolution Funding Corporation to pay for the rescue of bankrupt savings and loan associations.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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Without an extension, Athens would also lose access to almost 11 billion euros in euro zone bailout bonds now available to safeguard Greek bank capital needs in the Hellenic Financial Stability Fund.

Greece to need another bailout extension -- euro zone official

Italian lender, Monte dei Paschi di Siena, approved a proposed EUR3bn capital increase in order to gain Brussels consent for a EUR4.1bn state bailout bonds.

-Capital increase approved by Monte Paschi board

Yields on Europe's own 10-year EFSF bailout bonds have also declined since mid-September.

Bright lights amid the gloom

The euro gained ground after The Financial Times reported Thursday that Asian investors including the Chinese government are expected to be significant buyers of Portuguese bailout bonds when their auctions are held next month, dealers said.

Euro gains vs. dollar, yen in morning on report China will buy Portugal bonds

The Financial Times quoted the head of the European Financial Stability Facility as saying China and other Asian investors were expected to buy a "strong proportion" of Portuguese bailout bonds when the euro zone's rescue fund starts auctioning them next month.

Stocks advance; euro drops vs Swiss franc

A Financial Times report also cited by traders as supporting the euro said that China and other Asian investors would buy a "strong proportion" of bailout bonds for Portugal to be issued next month by the European Financial Stability Facility."We've seen the euro test downwards recently, but I feel there are plenty of euro-buying needs as European investors would want to repatriate funds ahead of more potential stress tests in Europe," said Hideki Amikura, a forex manager at Nomura Trust and Banking in Tokyo.

Euro climbs toward $1.42

Wall Street has rebounded recently, raking in bumper profits that have helped banks repay bailout bonds and freed them to pay out massive staff bonuses once more.

Obama announces squeeze on bailed-out banks

In actuality, that move cost taxpayers an extra $5 billion since it made the bailout bonds more expensive.

What the smartest man in Washington doesn't understand. And why it will hurt you

The euro strengthened in Tokyo after the Financial Times reported Thursday that Asian investors including the Chinese government are expected to be significant buyers of Portuguese bailout bonds when auctions are held next month, dealers said.

Euro gains on report China planning to buy Portugal bailout bonds

TOKYO - The euro strengthened against both the dollar and the yen Thursday morning in Tokyo on a report that China plans to buy Portuguese bailout bonds, at a time when European sovereign debt woes weigh on the single currency.