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Credit Suisse’s Riskiest Bonds Jump Amid Optimism Over UBS Talks
Credit Suisse Group AG’s riskiest bonds pared their advance on Sunday on concern that Swiss authorities may need to nationalize the bank if a deal with UBS Group AG falls through. If that happens, the bonds will likely be wiped-out as part of the rescue plan. Bonds including the riskiest portion of the capital stack, Additional Tier 1 notes, were quoted at prices ranging from the high 30s to mid-50 cents on the dollar, a drop of about 20 cents from roughly an hour earlier, according to people with knowledge of the matter, asking not to be named because price quotes in the over-the-counter market are private. ... (full story)
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From bnnbloomberg.ca|Mar 19, 2023Canada increased oil production in the second half of last year, but came short of its pledge to boost output by 200,000 barrels a day to help nations trying to shift away from ...
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From peakoilbarrel.com|Mar 19, 2023The OPEC estimate for demand for OPEC crude in 2023 is forecast to be 29.26 Mb/d, about 160 kb/d lower than last month’s MOMR estimate. If OPEC can return to the 2022Q3 level of ...
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From @Trade_The_News|Mar 19, 2023tweet at 1:11pm: $CSGN.CH *Reportedly UBS agreed to acquire Credit Suisse for ~CHF2B; Swiss National Bank (SNB) has offered ~$100B liquidity line to UBS as part of any deal for Credit Suisse - press (Credit Suisse Group AG) (More at https://t.co/POY7QOYzdF)
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From @OPECSecretariat|Mar 19, 2023tweet at 1:55pm: OPEC SG HE #HaithamAlGhais and HE Hayan Abdulghani Abdulzahra Alsawad, Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil, held a meeting in Baghdad during the SG’s visit to OPEC Founder Member Iraq. https://t.co/onoku4kZ39 tweet at 1:55pm: The two discussed developments in energy markets and explored possible avenues to enhance cooperation between Iraq and the Organization.
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- Posted: Mar 19, 2023 12:42pm
- Submitted by:Category: Low Impact Breaking NewsComments: 1 / Views: 1,496
