Allianz Most Exposed to Greece Amid Roller-Coaster Bailout Talks
2015-05-11 15:56:23.486 GMT
By Bloomberg News
Allianz, parent of bond investor Pimco, is more exposed to Greece than any
other company required to disclose debt holdings as roller-coaster bailout
talks continue in Brussels, the latest filings show.
Bloomberg functions can analyze exposure to any country's debt and related
risks by tallying and cross referencing data from public filings across the
globe.
Type "Greece" in the command line and select '1004Z GA Equity' from auto
complete to load the country's ticker. Then type "aggregated debt" and select
'AGGD' or use the { 1004Z GA Equity AGGD <GO> } shortcut.
The European Central Bank holds by far the most Greek government debt, almost
33 percent. Second and fifth on the list of funds, money managers and banks
that file publicly are Pimco entities, with holdings totaling almost 1 billion
euros.
Greek Debt Holders
To see which bonds Pimco Advisors held, click that row. Then look at which
Pimco funds how much of each bond, click on the row again. That screen reveals
the source filing and its date; most Pimco holdings are as of December.
To find companies with direct and indirect Greek risk, type "bond search" and
select 'SRCH'. Click 'Asset Classes' in the 'Select Universe' section, check
the 'Consolidate Duplicate Bonds' box and click 'Update'. Now choose the "Ask
a question" option on the upper right and type "Greek risk" to show bonds with
Greece as the country of risk. Click 'Results' at bottom for a list that
includes sovereign, government, agency and corporate bonds from Greece.
Fixed Income Search: 'Ask a question'
Now group them by holders: Click the 'Matrix' tab atop the table and change
amber box beneath 'Rows' to 'Issuer Name' and click 'Apply' at the bottom.
Click on an issuer to see its bonds or on the 'Holders' tab to see exposed
creditors.
SRCH Results for Greek Risk by Issuer
The data are pulled from public filings, so the list doesn't include investors
not required disclose their holdings. The percentage of total debt held by the
public filers is listed to the right of '% Out' above the table: More than 22
percent.
The table shows Allianz has the most exposure after the ECB.
For more information:
Pimco Says 30% to 40% Chance of Greek Default Priced In: { NSN
NO6ICT6TTDS6<GO> }
Greece Courts Creditors’ Blessing With ECB Funding at Stake: { NSN
NO6S5Z6KLVRF<GO> }
The Lessons for Greece’s Economy From 70 Currency Union Breakups: { NSN
NO6IW66VDKHS<GO> }
European Debt Crisis News: { EXT4 <GO> } or { TOP CRIS <GO> }
List of Creditors Exposed to Greek Risk from SRCH
To contact the editor of this { FFM<GO> } article:
Phil Kuntz, FFM News team leader: +1-212-617-5486 or pkuntz1@bloomberg.net
To suggest ideas for Functions for the Market or provide feedback:
ffmeditors@bloomberg.net
-0- May/11/2015 15:56 GMT
2015-05-11 15:56:23.486 GMT
By Bloomberg News
Allianz, parent of bond investor Pimco, is more exposed to Greece than any
other company required to disclose debt holdings as roller-coaster bailout
talks continue in Brussels, the latest filings show.
Bloomberg functions can analyze exposure to any country's debt and related
risks by tallying and cross referencing data from public filings across the
globe.
Type "Greece" in the command line and select '1004Z GA Equity' from auto
complete to load the country's ticker. Then type "aggregated debt" and select
'AGGD' or use the { 1004Z GA Equity AGGD <GO> } shortcut.
The European Central Bank holds by far the most Greek government debt, almost
33 percent. Second and fifth on the list of funds, money managers and banks
that file publicly are Pimco entities, with holdings totaling almost 1 billion
euros.
Greek Debt Holders
To see which bonds Pimco Advisors held, click that row. Then look at which
Pimco funds how much of each bond, click on the row again. That screen reveals
the source filing and its date; most Pimco holdings are as of December.
To find companies with direct and indirect Greek risk, type "bond search" and
select 'SRCH'. Click 'Asset Classes' in the 'Select Universe' section, check
the 'Consolidate Duplicate Bonds' box and click 'Update'. Now choose the "Ask
a question" option on the upper right and type "Greek risk" to show bonds with
Greece as the country of risk. Click 'Results' at bottom for a list that
includes sovereign, government, agency and corporate bonds from Greece.
Fixed Income Search: 'Ask a question'
Now group them by holders: Click the 'Matrix' tab atop the table and change
amber box beneath 'Rows' to 'Issuer Name' and click 'Apply' at the bottom.
Click on an issuer to see its bonds or on the 'Holders' tab to see exposed
creditors.
SRCH Results for Greek Risk by Issuer
The data are pulled from public filings, so the list doesn't include investors
not required disclose their holdings. The percentage of total debt held by the
public filers is listed to the right of '% Out' above the table: More than 22
percent.
The table shows Allianz has the most exposure after the ECB.
For more information:
Pimco Says 30% to 40% Chance of Greek Default Priced In: { NSN
NO6ICT6TTDS6<GO> }
Greece Courts Creditors’ Blessing With ECB Funding at Stake: { NSN
NO6S5Z6KLVRF<GO> }
The Lessons for Greece’s Economy From 70 Currency Union Breakups: { NSN
NO6IW66VDKHS<GO> }
European Debt Crisis News: { EXT4 <GO> } or { TOP CRIS <GO> }
List of Creditors Exposed to Greek Risk from SRCH
To contact the editor of this { FFM<GO> } article:
Phil Kuntz, FFM News team leader: +1-212-617-5486 or pkuntz1@bloomberg.net
To suggest ideas for Functions for the Market or provide feedback:
ffmeditors@bloomberg.net
-0- May/11/2015 15:56 GMT