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Saturday, November 26, 2016

Greek Debt Relief Plan Said to Entail $35 Billion Bank Bond Swap

Total amount of swaps equals nearly 60 times daily average Greece’s battered banks are being asked to swap about 33 billion ($35 billion) euros in floating-rate bonds for 30-year, fixed-rate securities under a euro-area plan to shield Athens from future ...


READ THE ORIGINAL POST AT www.bloomberg.com