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Tuesday, December 11, 2012

Greece to announce bond buyback results Wednesday

Athenians walk past a central Athens branch of National Bank of Greece, the country's largest lender, Tuesday, Dec. 11, 2012. Greece was expected to announce later Tuesday the results of a bond buyback hoped to cut some 20 billion euros off the country's 340 billion euro debt load. Domestic lenders will contribute strongly in the European-funded buyback, which if successful will open the way for disbursement of a delayed international rescue loan payment. (AP Photo/Petros Giannakouris)Greece will reveal the results of a key debt buyback deal Wednesday, after an extended deadline for private investors to decide whether they will sell back their Greek bond holdings at a discount expired without any official announcements.



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