Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
BOE to sell US$2b of 3-year bonds
By Shelley Smith |
March 11, 2009, Wednesday
|
Print Edition
Print Edition
THE Bank of England plans to sell US$2 billion of three-year bonds, its third annual sale of debt to help finance its foreign-exchange reserves.
The notes may be priced to yield about 40 basis points over the benchmark mid-swap rate, according to a banker involved in the transaction, who declined to be identified before the sale is completed. BNP Paribas SA, Goldman Sachs Group Inc, HSBC Holdings Plc and Morgan Stanley are managing the deal.
The BOE also sold bonds of this type in March 2007 and March 2008, it said in a statement on February 27. The central bank holds its own foreign-exchange reserves and sells bonds to finance them under the structure for British monetary policy announced by then Chancellor of the Exchequer, now Prime Minister, Gordon Brown in 1997, Bloomberg News said.
The bonds will be rated Aaa by Moody's Investors Service and AAA by Standard & Poor's, their top rankings, according to the banker.
The notes may be priced to yield about 40 basis points over the benchmark mid-swap rate, according to a banker involved in the transaction, who declined to be identified before the sale is completed. BNP Paribas SA, Goldman Sachs Group Inc, HSBC Holdings Plc and Morgan Stanley are managing the deal.
The BOE also sold bonds of this type in March 2007 and March 2008, it said in a statement on February 27. The central bank holds its own foreign-exchange reserves and sells bonds to finance them under the structure for British monetary policy announced by then Chancellor of the Exchequer, now Prime Minister, Gordon Brown in 1997, Bloomberg News said.
The bonds will be rated Aaa by Moody's Investors Service and AAA by Standard & Poor's, their top rankings, according to the banker.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
