Funds managed by U.S. company Franklin Templeton Investments as of the end of August this year concentrated Ukraine's sovereign eurobonds with a total nominal value of nearly $5 billion, the Financial Times newspaper has reported.
The newspaper, with reference to data from Bloomberg, reported that
the funds bought about 20 percent of the eurobonds issued by Ukraine.
The Franklin Templeton funds already had in their portfolios a
significant part of Ukrainian eurobonds, but Michael Hasenstab, who
manages the funds, this summer has acquired securities worth another
$171 million maturing in 2023.
The Financial Times reported that Hasenstab earlier bought the bonds
of Ireland, thus facilitating the stabilization of the financial market
in the country, while the euro zone was affected by the debt crisis.
As reported, First Vice Prime Minister Serhiy Arbuzov and Finance
Minister Yuriy Kolobov in January this year visited the United States,
where they held meetings with investors, in particular, with Franklin
Templeton Investments, a large investment firm, headquartered in San
Mateo (California).
