News Headline Summary

Greece attracts offers of EUR 31.8bln in bond buyback at average 33.5% of face value according to sources

- Greece may need more than EUR 10bln at accept all offers due to higher average price.
- Could meet debt reduction target if all offers are accepted.
- Greek buyback results discussed at Eurozone finance ministers teleconference but no decision reached.

Analysis details (19:50)

- Earlier today it was reported that Greek debt buyback operation attracted bids totalling nearly EUR 32bln according to Eurozone sources.

11 Dec 2012 - 19:47 - Economic Commentary - Source: Newswires

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