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Tuesday, July 14, 2015

Greece pays samurai bond maturing on Tuesday

Greece made an 85 million euro ($93.5 million) payment on a yen-denominated bond maturing on Tuesday, a government official told Reuters, averting a default on government debt held by private investors. The so-called samurai bond had been issued in 1995. On Monday, Athens missed a 450 million euro loan repayment to the International Monetary Fund given its severe cash crunch.


READ THE ORIGINAL POST AT uk.news.yahoo.com