Who bought the bonds?
- Written by E.Tsiliopoulos
Greece successfully sold five-year bonds yesterday, worth 3 billion euros to investors at a yield of 4.95% and a coupon rate of 4.75%.
According to an announcement of the Finance Ministry the 3 billion amount was distributed as follows:
1.47 billion euros (49%) were offered by capital investors, 990 million euros (33%) by hedge funds, 420 million euros by banks (14%) and 120 million euros (4%) by insurance funds.
BlackRock and Invesco Ltd. were also among the top investors, according to Wall Street Journal.
1.41 billion euros came by investors based in the UK (47%), 930 million euros by investors based in other European countries (31%), 450 million euros by investors based in the US and other countries (15%), while 210 million by investors based in Greece (7%).
