Loans and Finance

Loans and Finance

Text

News and information about loans, money, debt, finance and business issues.
Powered by Investing.com

Friday, September 30, 2011

The Century Bond

Greece is making plans to kick its debt can a very long way down the road, seemingly around 100 years if Reuters has its facts right:

"One of the options the sovereign is looking at is offering a 100-year bond in return for outstanding short-term debt, said a banker at one of the institutions advising Greece who said he saw the plans being studied. 

Two senior Greek government officials denied that such a plan was being considered.

"We are obviously not working on this"

Well they would say that, wouldn't they?

No comments:

Post a Comment