Debt

On 11 March 2013, the international derivatives market Eurex Exchange will introduce a new interest rate future, the Mid-Term Euro-OAT Future, which is based on notional medium-term bonds issued by the Republic of France...

In a new report, Fitch Ratings says that credit investment strategies need to adapt to less directional credit markets and exploit carry and relative value opportunities, while carefully managing rising duration, idiosyncratic and liquidity risks.

On Wednesday, January 16, 2013, the African Development Bank (AfDB), rated Aaa/AAA/AAA, priced a $1 billion fixed rate US Dollar Global benchmark due March 15, 2018. The transaction pays a coupon of 0.875 per cent and a spread of five basis points over Mid-Swaps...

The central issue for Japan’s sovereign credit rating remains the developing and implementing of a credible fiscal strategy to stabilise government debt over the medium term, Fitch Ratings says.

Egypt’s new exchange rate regime has brought greater transparency and a depreciation of the pound but also highlights a serious shortage of foreign exchange, Fitch Ratings says. For the system to work, confidence needs to be restored quickly, starting with agreement on an IMF programme.