FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo LONDON/MILAN (Reuters) - The London Stock Exchange (LSE.L) said on Monday it will move its European government bond trading from London to Italy in time for Britain’s exit from the European Union next March. The London Stock Exchange said MTS Cash would be moved to Italy, home to Europe’s biggest government bond market. MTS Cash manages 12 national bond markets, and only UK government bond trading, known as gilts, would be left in London. A source said the move would be effective as of March 1, 2019, adding that MTS chief executive Fabrizio Testa recently wrote to clients to reassure them that the move and Brexit would not affect the functioning of markets. A second source said new regulations were being currently discussed with debt management offices of the countries whose bonds are affected by the move. Reporting by … [Read more...] about LSE moves euro government bond trading from London to Italy ahead…
Government bonds
Foreign investors promised government bonds in Belarusian rubles
MINSK, 14 November (BelTA) – There are plans to offer government bonds nominated in Belarusian rubles to foreign investors, BelTA learned from Belarusian Finance Minister Maksim Yermolovich during the parliamentary hearings held on 14 November to discuss the legal and practical aspects of improvement of Belarus' investment climate.The finance minister talked about the Belarusian market of bonds and steps, which are supposed to be taken to develop the market, in particular, steps to form and invigorate the market sector dealing with ruble bonds. “The Finance Ministry will play the main role here. We are talking about offering bonds nominated in Belarusian rubles to foreign investors,” said Maksim Yermolovich.Plans have also been made to introduce a new kind of government bonds intended for qualified investors. “Such bonds will be issued using a simplified procedure. We are talking about creating qualified investors and issuers in order to simplify the bond … [Read more...] about Foreign investors promised government bonds in Belarusian rubles
Turkish Central Bank sells off half of US government bonds in 6 months
Central Bank of the Republic of Turkey (CBRT) has sold off nearly half of its U.S. government bonds in six months, figures from the CBRT and U.S. Treasury have shown. According to official records, from November 2017 to June 2018, Turkey's U.S. government bonds gradually decreased from $61.2 billion to $32.6 billion. The period in which the TCMB started selling off the bonds, late 2017, coincides with the months in which Turkey-U.S. relations got in tatters over U.S. embassy personnel detained for links to the Gülenist Terror Group (FETÖ). In addition to U.S.' support to YPG terrorists in Syria and the fact that Washington has done nothing to even evaluate Turkey's request for the extradition of FETÖ leader Fetullah Gülen, another crisis between the two NATO allies erupted after Turkey arrested American pastor Andrew Brunson over terror links. The U.S. government bonds in Turkey's possession saw another sharp decline upon the Brunson crisis. In March 2018, the bonds … [Read more...] about Turkish Central Bank sells off half of US government bonds in 6 months
Finance ministry wants to relax access of public to government bonds via PrivatBank
The Finance Ministry of Ukraine is working on a possibility of selling government domestic loan bonds on the retail market jointly with PrivatBank, acting Finance Minister of Ukraine Oksana Markarova has said. "We have launched the product in PrivatBank - government domestic loan bonds for the public. We are testing the product as it is (the minimum volume of a transaction is UAH 1 million), and then we will launch it on the retail market. We need some changes to the law to launch it," she wrote on her Facebook page. According to the National Bank of Ukraine, as of August 1, 2018, individuals held government bonds for UAH 3.983 billion, including those pegged to foreign currency for UAH 2.671 billion. The Finance Ministry on July 31 placed hryvnia-pegged government bonds for over UAH 1 billion at 16.82% per annum for three-year bonds and 18% per annum for six-month bonds. Tags: #privatbank #markarova … [Read more...] about Finance ministry wants to relax access of public to government bonds via PrivatBank
Plans to sell Belarusian government bonds in Russia in 2018-2020
MINSK, 31 July (BelTA) – An agreement on providing services to organize the emission of Belarusian government bonds nominated in the Russian Federation currency and issued in Russia was signed in Minsk on 31 July, BelTA learned from the Belarusian Finance Ministry website.The agreement was signed by the Belarusian Finance Ministry, the Russian banks Gazprombank, Sovcombank, Otkritie Bank, and the Eurasian Development Bank.In line with the agreement Gazprombank, Sovcombank, and Otkritie Bank will be organizers. The Eurasian Development Bank will act as a co-organizer in floating Belarusian long-term government bonds on the Russian financial market in 2018-2020.The bonds will be sold via the Moscow Exchange. The terms have yet to be determined together with the organizers.The Belarusian Finance Ministry intends to penetrate the Russian market as part of the efforts to diversify the investor base and borrowing instruments.In 2010 Belarus floated two-year non-convertible … [Read more...] about Plans to sell Belarusian government bonds in Russia in 2018-2020