Showing posts with label Bond swap. Show all posts
Showing posts with label Bond swap. Show all posts

Friday, January 20, 2012

Greece, Creditors Cite Progress on a Debt Pact


The Wall Street Journal
By ALKMAN GRANITSAS, MATINA STEVIS and COSTAS PARIS
The reduction, if agreed, would save Greece €4 billion a year in interest….
There is nothing voluntary about all this," the banker said. "We have a gun pointing at our heads…

Thursday, January 19, 2012

Greek Debt-Swap Talks Set for Second Day


Bloomberg
By Maria Petrakis, Marcus Bensasson and Natalie Weeks - Jan 19, 2012 12:00 AM GMT+0200
the discussions were at a “very fine point.”…
all variables” are being taken into consideration…
…. Collective action clauses, which would ensure creditors take part in the swap, could be legislated…
… Negotiations since then have centered on the interest rate…
… The new bonds will probably pay annual interest of 4 percent to 5 percent and have a maturity of 20 years to 30 years…