Greek bond buyback debacle

clock

GREECE - JPMorgan and North Asset Management have said they would be prepared to buy back all €280m of the structured bonds which were overpriced by €5m and sold to the Greek government pension scheme.

The announcement came following widespread calls for the institutions involved to buy the bonds back. JPMorgan had acted as underwriter of the bond issue and sold it to North Asset Management. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Greece

S&P cuts Greek credit rating

GREECE - Standard & Poor's has slashed Greece's long term credit rating from B to CCC, amid fears private sector debt proposals will amount to a default.

clock 04 July 2011 •

Greece says 'yes' to austerity package

GREECE - The Greek parliament has narrowly voted to approve a drastic austerity package despite facing widespread opposition.

clock 29 June 2011 •

Greece to sell bills as two-year yield tops 20%

GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.

Maria Petrakis and Natalie Weeks at Bloomberg News
clock 19 April 2011 •
Trustpilot