Loan Modification

Spain Cancels Market Auction, As It, Portugal And Belgium Go Syndicate, Spook Bond Investors (Again)

By Implode-Explode Heavy Industries

"Spain's Treasury, facing a volatile market as it looks for ways to keep its debt costs under control, cancelled a bond auction planned for Thursday and said it would issue a syndicated bond over 10 years. Belgium is also seeking an opportunity to place debt with a syndicate of banks and Portugal also plans one for the first quarter, as fiscally stretched sovereign issuers elsewhere in Europe also seek to cut spiraling financing costs."

Full post as published by Mortgage Lender Implode-o-Meter on January 17, 2011 (boomark / email).