News Headline Summary

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

Says:
- 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.

Update details:

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

Print 19:48, 11 Dec 2012 - Economic commentary - Source: Newswires