Italy raised 5bn euros from a new issue of bonds on Thursday, but had to pay an interest rate of 6.087% to borrow the money for one year.
Until now, Germany had been a key opponent to the creation of a large eurobond market allowing European Union member states to refinance their debt themselves directly via the issue of bonds guaranteed by the EU, or at least by the eurozone itself.
The watchdog is said to believe the executive pair were party to "privileged information" surrounding the issue of the bonds.
Though the bank denied the reports, it postponed a planned issue of subordinated bonds with which it was to strengthen its capital.
Turmoil in the credit markets and uncertainty over the firm's future has forced it to delay repeatedly the issue of new bonds.
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And while all of the big emerging markets, the so-called BRIC nations of Brazil, Russia, India and China, are investment grade, as are many of their companies that issue bonds, none of their debt is as safe as US Treasury bonds.
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If policy makers make it clear which types will qualify, banks are likely to issue those sorts of bonds, resulting in an upswing in issuance, analysts say.
At Deauville, though, Mrs Merkel and Mr Sarkozy wanted default to become a possibility: current debt would be safe, they said, but leaders later agreed that from 2013 countries should issue new types of bonds that could be more easily forced to take a hit if a country ran into trouble.
Before they wash their hands of the steroid issue by identifying Barry Bonds as the cause of all of this, perhaps the lords of baseball should look in the mirror.
These are not retail buyers but supposedly sophisticated investors, some of whom issue bonds themselves.
Apple laid out its plans to issue six different types of bonds in a Tuesday regulatory filing.
Investors have piled into Eastern European debt this year, allowing the region's banks and companies to issue a record amount of bonds.
The government dammed some of the fiscal drains, cracking down on free-lending state banks and the issue of state and municipal bonds, for example.
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The Railways Ministry is expected to issue 100 billion yuan of bonds this year, but some analysts think the agency has severely underestimated its cash needs.
But both think that disposals of businesses and the issue of new-fangled loss-absorbing bonds, called CoCos, will cover most of that (as it happens, Barclays flogged some of these today).
The moment the ECB can truly perform the conjuring trick of a Brady solution in Europe is the moment it starts to raise taxes and issue transnational bonds against the tax revenue of the entire zone.
According to the Kansas Department of Commerce, sales tax revenue (STAR) bonds provide Kansas municipalities the opportunity to issue bonds to finance the development of major commercial, entertainment and tourism areas, and use the sales tax revenue generated by the development to pay off the bonds.
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And what of the role of steroids, an issue that has dogged Bonds, McGwire and other recent sluggers, in all of this?
As I outline in an article in a recent issue of Forbes Magazine, holders of many states tobacco-backed bonds are worried about whether there will be enough cash on hand from the settlement to pay them out in full.
Nomura is rumoured to want to issue samurai bonds for the city of Moscow.
For starters the government should issue a lot of 30-year bonds, as long as the yields are below 5%.
But the New York pension fund didn't own any of the bonds at issue, so it won't get any recovery there.
When the world relies on a single reserve currency, Triffin argued, that currency's home country must issue lots of assets (usually government bonds) to lubricate global commerce and meet the demand for reserves.
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Even if you do not count the large quantity of bonds issued by telecoms companies that are now bust or nearly so, the average junk issue trades at a yield of some ten percentage points above Treasury bonds.
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Many investors also want the eurozone to issue bonds guaranteed by every one of the 17-member nations - so-called eurobonds.
Those who read Forbes magazine will see my article in the September 12 issue that extolls the virtues of adjustable rate bonds and preferreds.
Right now, only two U.S. banks, Bank of America and Washington Mutual, issue covered bonds.
There was a brief question from him about the letter ratings of the older issue and the Main Street bonds, to which the broker replied with the letter ratings published by several rating agencies and the issuer.
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Unlike in the U.S., where the Glass-Steagall Act severely limits the ability of banks to engage in securities underwriting, European giants such as ABN Amro and Germany's Deutsche Bank can do everything from issue corporate bonds to sit on the board of directors.
It took months of arm-twisting to get a substitute bond issue off the ground, and even then many bonds were left in the hands of one of the lead managers.
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