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(Corrects size in Jan. 26 story to $5 billion, not $5.5 billion, and clarifies tranche sizes in paragraph 3)
DUBAI, Jan 26 (Reuters) - Saudi Arabia launched $5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks to plug a large fiscal deficit.
The world’s top oil exporter has taken a severe blow from the pandemic, which, along with an oil price war between Saudi Arabia and Russia last year, sent oil prices tumbling.
The kingdom sold $2.75 billion in 12-year bonds at 130 basis points (bps) over 10-year U.S. Treasuries and $2.25 billion in 40-year notes at 3.45%, the document from one of the banks on the deal showed. It tightened the 12-year tranche by 35 bps and the 40-year by 30 bps from initial price guidance.
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PARIS (Reuters) - European planemaker Airbus axed its dividend for a second year and forecast flat deliveries in 2021 as it braces for more coronavirus uncertainty in the wake of an annual loss.
The company’s decision to restore key business targets is the latest evidence of a tentative return towards normal after the pandemic, which has severely hurt air travel.
Rival Boeing has yet to set out detailed targets, having been mired in a separate crisis over the grounding of its 737 MAX, which helped Airbus to reclaim the title of largest global jetmaker.
However, several analysts warned that the deliberately cautious delivery forecast from Airbus jarred with the company’s more optimistic plans on production. These call for a partial recovery later this year, albeit more slowly than first planned.
By Reuters Staff
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SHANGHAI, Feb 18 (Reuters) - China’s central bank on Thursday rolled over maturing medium-term loans while keeping the interest rate unchanged for a 10th straight month.
The People’s Bank of China (PBOC) said in a statement it was keeping the rate steady at 2.95% on 200 billion yuan ($30.99 billion) worth of one-year medium-term lending facility (MLF) loans to financial institutions.
The same amount of such MLF loans were due on Thursday.
The PBOC also injected another 20 billion yuan via reverse repos, while 280 billion yuan worth of a similar liquidity tool was set to expire on the same day.
A gauge of global equity markets fell for a third straight session on Thursday, dragged lower by weakness on Wall Street on views the market has climbed too high to soon, while a rise in weekly jobless claims pointed to a fragile recovery in the U.S. labor market.