Recovery of the Greek Economy
1
O ENHANCED MARKET ACCESS - DIVERSIFIED INVESTOR BASE
The share of long-term investors (notably insurances and pension funds) has been preserved despite the
economic impact of the pandemic
Asset Managers
Banks
Hedge Funds
Pensions Funds and Insurances
O CBs and Ols and others
3%
2%
5%
3%
I
5%
3%
2%
6%
I
4%
6%
6%
5%
70%
6%
14%
12%
5%
8%
8%
14%
7%
9%
15%
5%
9%
11%
13%
22%
9%
12%
13%
10%
14%
15%
19%
28%
17%
24%
21%
11%
20%
By investor
type
35%
25%
34%
69%
68%
43%
49%
57%
61%
59%
59%
63%
68%
68%
55%
39%
2021 GGB issuances
2020 GGB issuances
2019 GGB issuances
2%
1%
7%
1%
1%
1%
1%
1%
4%
3%
2%
1%
1%
I
9%
12%
8%
15%
4%
8%
4%
8%
9%
9%
20%
34%
30%
20%
20%
24%
23%
20%
25%
34%
27%
31%
21%
9%
6%
8%
14%
12%
10%
16%
13%
13%
%
19%
14%
8%
12%
17%
13%
10%
9%
10%
9%
11%
By geography
13%
15%
12%
12%
9%
24%
16%
16%
12%
7%
15%
8%
10%
7%
49%
24%
30%
24%
30%
24%
31%
28%
31%
32%
33%
38%
42%
HR-
HR-
HR
-
HR-
HR-
HR-
HR-
HR -
HR-
HR-
HR-
HR
-
HR-
10Y bond 5Y bond
30Y bond 10Y bond
(Jun. 2021) (May - 2021) (Mar-2021) (Jan - 2021) (Oct-2020) (Sep - 2020) (Jun - 2020)
7Y bond
(Apr-2020)
15Y bond 10Y bond
10Y bond
15Y bond
10Y bond
7Y bond
(Jan - 2020) (Oct-2019) (Jul-2019)
10Y bond 5Y bond
(Mar-2019) (Feb-2019)
UK
■Domestic
■Germany, Austria & Switzerland
France
Other Europe
■ US
Rest of the World
Source: PDMA
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FUNDING THROUGHOUT THE RECOVERY
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