Friday, December 07, 2012

D Day For Greek Bondholders

Today is D Day for those who wish to sell their Greek bonds.

As per the Hellenic Republic Ministry of Finance:
"The invitation is expected to expire at 5:00pm, London time..The expected settlement date of the invitation is 17 December 2012."
Note the use of the word "expected". Doubtless if insufficient bondholders have come forward the deadline will be extended.

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