Asian Buyers Take Almost a Quarter of Irish Aid Bonds
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Investors in Asia piled into bonds sold by the European Union to help finance aid for Ireland, according to EU figures. The notes rose today in their first trading day.
Asian buyers accounted for 21.5 percent of the 5 billion euros ($6.6 billion) of five-year securities, compared with their 4 percent average for EU bond sales since December 2008, the European Commission in Brussels said. Europe represented 71.5 percent -- with the U.K. taking 16.5 percent -- and the Americas 6 percent, the commission, the EU executive arm, reported in an e-mail.