"If the reports are accurate then it will be very likely that Saudi Arabia and Kuwait will either deposit money in the Central Bank or buy Eurobonds
. This is usually the only way these countries help Lebanon," another banker said.
The initial benchmark yield on the 2029 Eurobonds
was around four per cent and about 4.45 per cent for the 2035 Eurobonds
, the ministry said.
"The ministries cannot differentiate whether the money they have received from the Exchequer came from VAT, income taxes, customs duties, excise taxes, domestic borrowing or the Eurobond
," Mr Rotich told the Business Daily.That was the first time the truth about Eurobond
started becoming a mystery, giving Kenya a false start in accounting for foreign market debt.
'There is sufficient evidence that all the proceeds of the Eurobond
were either eventually received into the Consolidated Fund or paid out for authorised purposes.
has a very low interest rate but besides that it's very important what the money will be spent on.
To summarise, Eurobond
issuers should ensure that the proceeds from the bonds are used to finance infrastructure projects and not to finance budget deficits.
offering has become the first EUR-denominated Eurobond
deal out of Kazakhstan since 2007 and in CIS since February 2014.
Such signs of increased market players' demand for Russian Eurobonds
could not but mirror in the secondary market dynamics.
are includes into the London Stock Exchange listing.
Earlier this month, the bank sold a three-year SGD400m (USD319m/EUR260m) eurobond
through its investment vehicle VTB Capital.
However, the straight Euro denominated Eurobond
has the largest initial cash flow as the up-front fee is low (0.90%) and the bond is expected to sell at a premium (101% or Par Value).
market is global and involves a range of currencies, although dollars and euros are the most used.