Business
Sure, interest rates are negative, but so are some prices, and when you look around, they’re everywhere – The Conversation AU
All sorts of transactions are “two-way value exchanges” in which it isn’t clear in which direction the money should flow. The proposed media bargaining code is…
On December 10, it finally happened. Instead of demanding an interest payment from the government in return for lending it money, a group of investors offered to pay the government in order to lend it money.
Naturally enough, the offer was accepted.
The government needed A$1.5 billion which it promised to repay on March 26.
It sought tenders. What was the lowest return an investor would accept to lend it the money?
It wasnt short of offers. It fended off $8.2 billion of bids, and some of them were…
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