Free Republic 3rd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $23,328
27%  
Woo hoo!! And the first 27% is in!! Thank you all very much!!

Keyword: potus4islam

Brevity: Headers | « Text »
  • Egypt Debt Buoyed by Obama Guarantee for $1 Billion Eurobonds: Arab Credit [ W T F !!! ]

    06/14/2011 11:43:52 AM PDT · by NoLibZone · 73 replies
    San Francisco Chronicle ^ | June 14 2011 | By Alaa Shahine and Ahmed A Namatall
    President Barack Obama's guarantee on $1 billion of Egyptian Eurobonds is poised to reduce the country's borrowing costs, helping the transition to democracy after six decades of autocratic rule. The support that Obama pledged last month may cut yields on the five-year debt by 200 basis points, or the equivalent of $100 million, according to the median estimate of five fund managers surveyed by Bloomberg. Yields on Egypt's one-year bills jumped to the highest level since November 2008 following the uprising that ousted President Hosni Mubarak in February. The country last sold international debt in April 2010. "The American backing...