ECU-EMS INFORMATION. 4 1988 Monthly

Eurostat

Description

ISSN 1011-0844 Theme 2 Economy and finance Series Β Short-term trends eurostat ECU-EMS INFORMATION 4 □ 1988 Monthly ECU BONDS ISSUES : a strong recovery of issuing activity in March. After a contraction of the issuing activity during the first two months of this year, the ECU bond market showed signs of a strong recovery during March, with nine new issues whose total volume (900 Mio ECU) was higher than the combined volume of January and February. Although it is not easy to quantify the influence of the various economic and political factors on the financial markets it is considered likely that the success of the European council of last February, has contributed to this renewed attractiveness of the ECU: council's decisions, by firmly corroborating the movement towards a unified economic and financial space, created a sense of perspective and confidence for the European currency, elements indispensable for the successful launching of international bond issues. Since the March figures only partly reflect the new favourable environment (only those borrowers who had already prepared their issuing program were able to launch their ECU issues during March) it is expected that the said renewed interest for the ECU denominated bonds, would continue -under normal market conditions- to manifest itself in the coming months. Among the main characteristics of the March ECU issues can be cited the following: .

Sujets

• Economie gestion

Informations

• Publié par: EUROSTAT
• Nombre de lectures: 6
• Langue: English

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