3 Min Read
ATHENS (Reuters) - Greece raised 2.5 billion euros on Wednesday from its first 30-year bond sale in more than a decade, with an issue that was more than 10 times oversubscribed, the public debt management agency said.
The bond drew investor demand of more than 26.1 billion euros. It was priced at 150 basis points over the mid-swap level, resulting a yield of about 1.93%, the highest among euro zone countries in that maturity.
Greece last issued a 30-year bond in 2008, a year before the start of a debt crisis that threatened to tip it out of the European Union’s single currency. After regaining market access in 2017, it has gradually been issuing longer-dated bonds, venturing out to a 15-year maturity last year.
By Reuters Staff
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MADRID, March 17 (Reuters) - The head of Spain’s stock market supervisor said on Wednesday he expected around half a dozen of companies to make their debut in the Spanish market in 2021, which would set a record.
“We could be speaking about half a dozen IPOs, which would be the highest since we have records at the commission,” Rodrigo Buenaventura, the head of Spain’s CNMV said on Wednesday.
Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Inti Landauro
5 Min Read
HOUSTON (Reuters) - The Texas attorney general on Wednesday said state law allows the utilities regulator to cut billions of dollars from storm-inflated electric bills, an endorsement that came hours after the ouster of the regulator who opposed retroactive cuts.
FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo
The drive to reverse $4.1 billion in emergency prices gained momentum after a magazine published inflammatory comments by Public Utility Commission Chair Arthur D’Andrea. In a March 9 call with Bank of America analysts and investors, he said he “tipped the scale” to protect utility profits. He also minimized the financial pain caused by storm pricing to municipal power companies.
Gap between U.S., German 10-year yields widest since Feb 2020 Greece raises 2.5 bln euros from 30-year bond sale (Updates prices, adds details)
AMSTERDAM/MILAN, March 17 (Reuters) - German benchmark bond yields rose but less than their U.S. peers before the Federal Reserve’s meeting on Wednesday, pushing the spread between them to the widest since February 2020.
Ten-year benchmark Treasury yields climbed to a 14-month peak, hitting a high of 1.689%, as caution set in ahead of the U.S. central bank’s latest policy decision.
Expectations that vast U.S. fiscal stimulus will boost economic growth and cause inflation to rebound have pushed government bond yields higher in recent weeks.
By Reuters Staff
2 Min Read
FILE PHOTO: Full shelves with fruits are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio Bensch
BRUSSELS (Reuters) - More expensive services and food drove euro zone consumer inflation in February, offsetting cheaper energy, data from the European Union’s statistics office Eurostat said on Wednesday.
Eurostat confirmed earlier estimates that consumer prices in the 19 countries sharing the euro rose by 0.2% month-on-month in February for a 0.9% year-on-year increase.
Eurostat said falling energy prices subtracted 0.15 percentage points from the overall final year-on-year reading, while services added 0.55 points and food, alcohol and tobacco added another 0.29 points.