- Since the announcement was made on Monday, Greek bonds traded within the indicated price range. The PDMA (Greek debt agency) set min purchase price of 38.1 and max price at 40.1.
- Earlier this week, NYT Dealbook reported that there are growing concerns that some investors may refrain from participating in the buyback.
- Today, Greek finance ministry source said that the country has no plans to extend the deadline for bids beyond today.
- In the past, the IMF said that it would not disburse funds under its part of the EU-IMF package unless the Eurozone delivers on a bond "buy-back" scheme, which is supposed to cut Greece’s burden by 10pc of GDP and is deemed crucial for restoring long-term viability.
Print 11:28, 07 Dec 2012 - Market Analysis - Source: RANsquawk
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