UK investors out in force for Uniqa
UK investors took the largest portion of Austrian insurer Uniqa’s first public bond on Tuesday, buying some 36% of the deal. The 30 year non call 10 bond was well received and was trading up in the secondary market on Wednesday.
German investors bought 18% of the deal, Swiss 11%, Austrian 10%, Danish 10%, French 10% and others 5%. Real money accounts dominated, buying 75%, while private banks bought 18% and others 7%. Around 140 accounts were involved.
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