The European Stability Mechanism (ESM) completed its fourth quarter funding needs on Monday, raising the full €2 billion it had targeted The ESM issued a new €2 billion 0% bond maturing on 16 December 2024. The spread was fixed at mid-swaps minus 8 basis points, for a reoffer yield of -0.582% and a new issue…
The news from Lebanon in recent weeks has been grim. As street protests in Beirut and other cities intensify, so does the country’s economic suffering, writes Charles Tannock. A political, economic, and social crisis has taken hold, leading to hard-currency shortages that hinder imports of vital daily commodities such as wheat, medicine, and fuel. Moreover,…
