With Naftogaz and Ukrainian Railways expected to launch their own Eurobonds in coming weeks, analysts are studying who bought Ukraine’s

With Naftogaz and Ukrainian Railways expected to launch their own Eurobonds in coming weeks, analysts are studying who bought Ukraine’s €1 billion sovereign Eurobond last week. According to the Finance Ministry, investor origins were: UK – 32%; US – 27%; Germany – 17%; other EU –13%; Switzerland – 7%; and Asia – 4%. Funds that manage assets, pensions and insurance accounted for 85%. Hedge funds bought 10%; sovereign wealth funds 3%, and banks and individuals – 2%.