Mysterious New Firm To Buy 9.9% of Greece Government Bonds

0
Mysterious New Firm To Buy 9.9% of Greece Government Bonds
hslergr1 / Pixabay

Japonica Partners & Co., a new buyer has announced to buy a hefty chunk of Greece government bonds. The markets were surprised on the announcement because nobody has ever heard the name of the company. According to a press release obtained by the Wall Street Journal, Japonica will buy Greek bonds through its wholly-owned subsidiary Yerusalem Hesed, Ltd.

Mysterious New Firm To Buy 9.9% of Greece Government Bonds

9.9% Of Greece Government Bonds

Japonica Partners has launched a tender offer for 2.9 billion euros ($3.8 billion) in face value of bonds Greece issued in 2012. That represents about 9.9 percent of the total Greece government bonds of 29.6 billion euros. So, why is there so much mystery and confusion? The biggest reason is that people who have been active in this market have never heard of this company.

Bonhoeffer Fund July 2022 Performance Update