Pimco likely among select group offered juiciest bank bonds

LONDON: One of the juiciest bond deals in recent years is also turning out to have been one of the hardest to get a piece of.

Pacific Investment Management Co (Pimco) was among just a handful of investors that were offered UniCredit SpA’s riskiest bonds last week, according to people familiar with the matter, who aren’t authorised to talk about it and asked not to be identified. Carmignac Gestion SA and Algebris Investments said they were among buyers of the private placement.