Posted on 05/14/2014 12:22:37 PM PDT by Nachum
The bailout floodgates are open and the US taxpayer is footing the bill once again - whether through IMF loans or more directly. Today saw Ukraine issue $1 Billion 5-Year Notes at a stunningly low risk of only 28bps above US Treasuries and dramatically cheaper than the cost of capital in the public markets (and from the IMF) which yield over 10%. The reason for the 1) low cost, and 2) actual ability to raise debt... the bond is guaranteed by the US Agency for International Development and "assures full repayment of principal and interest" based on the full faith and credit of the US (Taxpayer). We assume Gazprom will be happy...
*UKRAINE $1B 5Y NOTES LAUNCH AT +28
So why not pile into these bonds? 28 extra basis points for no apparent additional credit risk... some liquidity risk but we are sure your friendly local central bank will enable you to swap them for infinitely rehypothecatable cash with no haircut...
They're gonna need moar... (and this does not include Gazprom)
(Excerpt) Read more at zerohedge.com ...
The list, Ping
Let me know if you would like to be on or off the ping list
If they didn’t give away all our money, the dems could probably have affordable health care without any problem...
Filthy.
Hunter Biden learning presidential politics from the ground up. Will he be running for office soon? Is this the start of his campaign fund?
And that they were backed by several of the Western Security Services all along.
The only foreign policy issue Obama cares about is
1) gay everything
2) assist the muslim brotherhood
Everything else is a money-making opportunity for their corrupt administration or a bargaining chip for #1 and #2.
National Security advisor: Sir, Europe is asking us to make a decision.
Obama: I don’t care. Biden, what about you?
Biden: Whatever gets us the most money. Can my son get in on this?
Obama: Valerie, you handle it. This is another $$$ opportunity for us. I’m going back to partying with Beyonce and Jay-Z.
Have you seen this?
I wonder how Soros will profit from this?
Or Hunter Biden?
Does this mean the US transnationals will get in ahead of the European transnationals?
Bonds backed by the USA?
The joke is on them.
One of my mutual funds in selling Russian bonds and buying Ukrainian bonds.
That’s the great thing about the human brain, it can easily accommodate two mutually exclusive views at the same time.
No, I hadn’t.
Have you heard that Biden’s son is supposed to be on a “board” for a Ukrainian gas company?
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