Erste Group to Support Austrian Bonds

Business › n.a. ♦ Published: January 21, 2012; 12:26 ♦ (Vindobona)

Erste Group considers putting effort in distributing Austrian sovereign bonds to its customers. Attractiveness should be increased, Erste Group says.

Erste Group to Support Austrian Bonds / Picture: © Erste Group / Helmut Lackner

Erste Group wonders why the sovereign bonds of the Czech Republic are mainly held by Czech investors (70%) and the share of domestic investors in Austrian bonds only reaches 25%. This should be changed now, Erste Group says.

After the downgrade of Austrian bonds by S&P, this is also a political issue. As interests in domestic bonds could rise, the Green Party already…

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