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Friday, December 1, 2017

To swap or not to swap? Greece issues 5 new bonds

On November 28, Greece finally swapped its so-called private sector involvement (PSI) bonds, which had a face value of 29.6 billion euros (but only 20 billion euros of current secondary market value), with five new bonds. The maturities for these new bonds are spread over 2023-2042 and have variable...
To swap or not to swap? Greece issues 5 new bonds

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