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