Six year retail bond tops €17.5mln

The Public Debt Management Office at the Ministry of Finance announced that the fifth series of the 6-year retail bonds (May 2016) attracted a total of €17,457,800, far above the monthly target of €10mln.

Of the 46 bidders, 39 were from local investors, while the seven foreign applicants accounted for €15.8 million, corresponding to six bidders at €2.5 million each and one at €800,000. This suggests that six more non-EU investors have now applied for naturalisation, as part of the government’s 2013 incentives to attract foreign direct investments.

The next series for June 2016, the sixth of the year, will open to bidders from May 3 to 20 and will be issued on June 1, with a target of €10 million.

Source: Financial Mirror