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Telefónica

Ibex, Markets 11th October 2016

Telefónica saves the day with 4-year and 15-year bond issues

It’s definitely not Telefónica finest hour. Problems with the possible listing of its UK affiliate O2 after the pound’s slump can be added to the fiasco with the IPO of its infrastructure subsidiary Telxius. The company is worried about having its rating cut and it doesn’t know how it can cut its massive 52 billion euros debt pile. But on Monday it returned to the debt market and successfully placed 2 billion euros in 4-year and 15-year bonds.

bonos corporativos

In Europe 7th June 2016

European Treasuries, Companies Adjust Financing In Line With ECB Policy

Since it opted for an unconventional expansive monetary policy, the different measures implemented by the ECB, and particularly its latest decisions, are changing the Eurozone’s financial structure. For example, the option of a very long term maturity offered on sovereign bond issues, as well as the increase in companies’ financing via the issue of corporate debt, with the consequent decline in their dependence on the banks.

G20 3

Markets 26th February 2016

German Bonds Point to Dampened Expectations On G20 Deal

Julius Baer Research | Yields of German 2-year and 5-year government bonds are down to -0.55% and -0.36%, respectively, testament that the market is not expecting the G20 finance ministers and central bank governors to hammer out a global deal against falling interest rates.

spain public deficit

Spanish economy 3rd December 2015

Spain Public Debt Reaches 99.4% of GDP: So What?

Spain’s public debt stood at 1.062.472 trillion euros at the end of September, representing 99.4% of GDP, and compared with the government’s full-year 2015 target of 98.7%. But is this debt burden really so heavy, when the average cost of debt stood at 0.87% at the end of October, compared with 1.52% in December 2014?

Spanish-debt

Spanish economy 28th September 2015

Is it Time To Buy Spanish Bonds?

UBS | Pro-independence parties in Catalonia have won a majority of seats – but not of the total of votes cast. As a result, we would advise investors to remain cautious about buying Spanish sovereign debt until some clarity emerges over the next steps of the new regional government.

Álvaro Nadal

Interviews 3rd July 2015

Spain Economic Office Chief: “If we wanted the euro, we needed to have more flexibility”

BRUSSELS | July 3, 2015 | By Jacobo de Regoyos | The Greek crisis has sparked an intense debate about the future of the European Union. Spain recently handed Brussels a proposal on a eurozone-level budget for emergency rescues, and the need of issuing eurobonds. Head of Spain’s Economic Office Head Álvaro Nadal spoke to The Corner about competitiveness and solidarity between members. This is the second part of an interview.