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Thursday, November 30, 2017

To swap or not to swap? Greece issues 5 new bonds

On November 28, Greece finally swapped its so-called private sector involvement (PSI) bonds, which had a face value of 29.6 billion euros (but only 20 billion euros of current secondary market value), with five new bonds. The maturities for these new bonds ...


READ THE ORIGINAL POST AT www.brookings.edu