Saudi Arabia began marketing a dual-tranche benchmark U.S. dollar-denominated bond sale on Tuesday with tenors of 12 and 40 years, a document showed, as it seeks to plug a large fiscal deficit.
Bonds subdued after Italy rally on Monday, Tuesday Focus on U.S. Federal Reserve
AMSTERDAM, Jan 27 (Reuters) - Euro zone bond yields held ground on Wednesday as focus turned to a flurry of government bond sales in the bloc.
Austria and Greece launched sales of new 10-year bonds, and Slovenia is selling a new 60-year bond, all three via syndication, according to lead manager memos seen by Reuters and a bourse filing.
In syndications, investment banks sell bonds directly to end investors, allowing borrowers to issue larger amounts and reach a wider investor base.
They join larger governments like Italy, Spain and France who sold bonds via syndication earlier this month as part of the usual January cycle, most of which received record demand as investors bet that European rates will stay lower for longer.
Indonesia's government has raised its budget for the national economic recovery programme to 553.09 trillion rupiah ($39.42 billion), increasing fiscal support for an economy hit by the coronavirus pandemic, a senior minister said on Tuesday.
Indonesia has raised its budget for the National Economic Recovery programme to 553.09 trillion rupiah ($39.4 billion), increasing fiscal support for a country struggling to contain its coronvirus outbreak, a minister said on Tuesday.
Saudi Arabia's finance minister said on Tuesday his country is talking to vaccine producers to provide vaccines to low-income countries such as Yemen and countries in Africa.