| Colombia's Inflation-Linked Peso Debt Yields Rise at Auction
April 18 (Bloomberg) -- Yields on Colombian inflation- linked peso bonds increased in a government auction today. Colombia sold the bonds, known as TES-UVR, due in February 2023 to yield 5.7 percent, up from 5.2 percent in the previous sale on March 21, according to the Finance Ministry. Investor demand totaled 114 billion pesos ($53 million), more than the 75 billion pesos worth of the securities offered in the auction. The yield on inflation-linked bonds maturing in September 2010 rose to 4.99 percent from 4.4 percent in the previous sale. Investors placed bids for 168 billion pesos, more than twice the 75 billion pesos sold. To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net Last Updated: April 18, 2007 12:22 EDT .
Patent auctions generate big sales
An innovativeChicago intellectual property firm is creating a live auction marketplace, which is rare in an age where many companies are shifting their business online. More than 200 attended Ocean Tomo Auctions LLCs auction Thursday at the Union League Club of Chicago. It was the third such event hosted by Ocean Tomo. This is like the Christies or Sothebys of patent auctions, said George Kelakos of Kelakos Advisors LLC. Opening bids ranged from $10,000 to hundreds of thousands of dollars. Bids were solicited in at least $5,000 increments. The main advantage of the auction is simply that it is one-stop shopping for patents, said Bruce Lehman, former head of the U.S. Patent and Trademark Office. There really isnt any other place you can go to get a wide variety of patents.
PolyMedica to Provide its Insights into Recently Announced ...
WAKEFIELD, Mass.-(Business Wire)-April 2, 2007 - PolyMedica Corporation (NASDAQ: PLMD) today announced that it will host a conference call on Wednesday, April 4, 2007, at 9:00 a.m. Eastern Time to provide its insights into the rule on competitive bidding that was released by the Centers for Medicare & Medicaid Services on April 2, 2007. .
Changes to 'kill' auctions
NEW real estate legislation has the potential to "completely kill" Adelaide's currently thriving auction market, according to the Real Estate Institute of South Australia. President Mark Sanderson said he feared some of the proposed changes - which include allowing only one vendor bid at auction and the compulsory registration of bidders - could destroy the industry's most transparent method of sale. Compulsory registration would mean any potential buyer who either arrived late or decided to bid during the course of the auction would not be allowed. Mr Sanderson said if people were forced to register during the auction, it would stunt the momentum of the process and ultimately affect the final price. Last month, REISA launched an advertising campaign in relation to parts of the legislation.
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