Now we know why Greece is eager to travel to Asia to pitch its bonds: Asian investors accounted for a scant 2.6% of the nation’s recent 8 billion euro auction.U.K. accounts were the biggest buyers of the bond issue, buying 29% of it, according to lead managers on the deal. Greek investors took 26% and U.S. investors bought 9.6% . The remainder was taken up by a range of buyers from across Europe.By investor type, fund managers took 42.3%, banks bought 28.5% and insurers bought 12.8%. Central banks, pension and hedge funds, and retail investors were also in the mix in small volumes.
28.01.2010
