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Denmark’s PFA To Buy EU Rescue Bonds

Denmark’s pension fund, PFA, will continue purchasing European Union (EU) rescue bonds, designed to help pay bailouts for the region’s indebted members.

Denmark’s pension fund, PFA, will continue purchasing European Union (EU) rescue bonds, designed to help pay bailouts for the region’s indebted members, Bloomberg reports. The $45 billion Copenhagen-based fund has already bought 3.5% notes due in 2021.

The notes were auctioned by the European Commission’s European Financial Stabilization Mechanism (EFSM) on May 24, 2011. The EFSM and the European Financial Stability Facility are each offering $37 billion in aid to Portugal.

Click here for the story from Bloomberg.

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