Investors in Greek bonds issued under foreign law rejected thenation's attempts to restructure the debt at talks last week.
In 20 out of 36 meetings, bondholders either turned down thegovernment's proposal, adjourned the talks or failed to achieve aquorum, according to a press release today from the Greek PublicDebt Management Office.
The meetings involved holders of about $26.8 billion offoreign-law notes denominated in dollars, euros, Swiss francs andyen. Investors owning $15.3 billion of securities agreed to arestructuring, leaving $11.5 billion still to be dealt with.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
