UPDATE 1-Foreign investors buy bulk of Greek 10yr bond- leads

* Foreign investors bought 77 pct of Greek 10-year bond

* British, German investors allocated 20 and 14 pct

* Asian accounts take 8 pct of issue

(Adds allocation details)

ATHENS, March 5 (BestGrowthStock) – Foreign investors bought 77
percent of Greece’s 10-year, 5.0 billion euro ($6.8 billion)
syndicated bond issue, bookrunners said on Friday.

Faced with high borrowing costs because of its fiscal
crisis, Greece tapped the capital market with its second bond
issue this year on Thursday, meeting strong demand but paying a
a steep risk premium. [ID:nLDE6230XS]

The order book for its benchmark bond issue closed in excess
of 16 billion euros with over 400 investors involved.

“The transaction saw strong support from domestic investors
but it was decided to contain (the domestic tranche) under 25
percent after allocations,” bookrunners HSBC, Nomura NBG,
Piraeus Bank and Barclays Capital said in a statement.

“Regarding international investors, the bulk of the demand
came from the UK (20 percent) and Germany (14 percent) and the
rest was well distributed throughout Europe.” they said.

By investor type, the order book was dominated by fund
managers, insurance, pension funds and banks, which together
made up about 88 percent. Central banks and official
institutions were allocated 7 percent.

Bookrunners provided the following breakdown by region and
investor type:

REGION (%) INVESTOR (%)

Greece 23 Fund managers 39

UK 20 Banks 24.5

Germany 14 Insurance-pension 24.5

Asia 8 Central banks 7

Nordics 8 Private banks/retail 2.5

France 7.5 Other 2.5

Benelux 4.5

Italy 4

Iberia 3

Switzerland 2.5

Other Europe 3

Middle East 1.5

Americas 1

————————————–

source: bookrunners

Stock Market Investing

(Reporting by George Georgiopoulos; editing by John
Stonestreet)

UPDATE 1-Foreign investors buy bulk of Greek 10yr bond- leads