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Sovereign Wealth Funds Briefing - Categorized | Investment

Greece turns to Beijing for 25 bln-euro bond sale

Posted on 27 January 2010

From Reuters: Greece is wooing China Wealth Fund to buy up to 25 billion euros ($35 billion) of its bonds in its efforts to avert one of Europe’s biggest debt crises, the Financial Times and the Wall Street Journal reported on Wednesday.

U.S. investment bank Goldman Sachs has been promoting a Greek bond sale to Beijing and the State Administration of Foreign Exchange (SAFE), which manages China’s $2.4 trillion foreign exchange reserves, the FT reported, citing people familiar with the issue………………….Full Article: Source

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