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About 90 percent of the issue was sold to non-French investors, including big United States pension funds, and 50 percent went to buyers outside the euro area.
The latter issue was sold to public investors, although most of the bonds are held by institutional investors, including junk bond mutual funds.
If a bond or preferred stock issue was sold when interest rates were higher than at present, it may be profitable to call the old issue and refund it with a new, lower-cost issue.
In March, a similar issue was sold at a 105.5 basis-point premium to Treasuries, meaning the perceived risk has not increased enormously.
Six thousand (plus pieces for the Assay Commission) were struck at each mint, and the issue was sold in sets of three, for $6.25.
Numismatist David M. Bullowa in 1938 noted that the Mint kept no records of how many of each variety was melted, but that he thought that about 10% more of the McKinley issue was sold.
Similar(54)
Though the magazine's print run had been 60,000 prior to the attack, close to 8,000,000 copies of the January 14 issue were sold.
The investments at issue were sold in 2008 to five investors, including the Federal Home Loan Bank of San Francisco and Wachovia Bank, which has since been acquired by Wells Fargo.
(Before you go looking, be warned: the full text of Hunt's essay is not available online and the back issue is sold out at the McSweeneys store).
Northern Rock warns that once this issue is sold out, account holders will not be able to make further deposits in their account.
Shares in the so-called rights issue were sold at a 41percentt discount to the London closing price Friday and yielded HSBC $17.7 billion net of expenses.
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