Politics
From Defense to Housing, Luxembourg Steps Up Retail Bonds Push
Key Points
From Defense to Housing, Luxembourg Steps Up Retail Bonds Push Luxembourg’s successful sale of defense bonds has encouraged it to again turn to retail investors, this time with securities that will help fund affordable housing. The country, one of Europe’s wealthiest, plans to raise €250 million ($286 million) by selling three-year housing bonds to mom-and-pop investors, Bob Kieffer, director of the Luxembourg State Treasury said in an interview. The sale, planned for January, is part of the...
From Defense to Housing, Luxembourg Steps Up Retail Bonds Push
Luxembourg’s successful sale of defense bonds has encouraged it to again turn to retail investors, this time with securities that will help fund affordable housing.
The country, one of Europe’s wealthiest, plans to raise €250 million ($286 million) by selling three-year housing bonds to mom-and-pop investors, Bob Kieffer, director of the Luxembourg State Treasury said in an interview. The sale, planned for January, is part of the government’s strategy to engage retail investors, especially for purpose-led bonds.