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Sovereign wealth funds

Sovereign wealth funds

An in-depth look at the state-owned sovereign wealth funds that dominate the attention of the world's financial markets

Securitisation is not dead

Securitisation is not dead

By Michael Heise, chief economist Allianz Group/Dresdner Bank

Friday, June 27, 2008

Government starts preparations for issuing EUR 130-300mn Eurobond





Government starts preparations for issuing EUR 130-300mn Eurobond The government intends to begin reparations in the second half of this year with the purpose of issuing its first Eurobond sometime in the first half of next year, said deputy finance minister Sherefedin Shehu in an interview for Reuters. The size of the issue will be anywhere between EUR 130 and EUR 300mn. The official also stated that the government was not in great need of financing because of its sound fiscal performance but the amount of the Eurobond might be increased in line with the expectations and interest on the market. The statesman said that this year will be the most difficult in terms of inflation as problems are evident worldwide. Inflation in the country has been estimated at 4% this year, which is within the upper range of the target – 3% with 1% fluctuation band. In addition, the budget deficit is expected to widen this year due to public spending on key infrastructure but should shrink again next year.     







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