News of the Greek debt reduction attracting the support of the vast majority of bondholders has been well received in markets.
The Greek state can now use the collective action clause to make all bonds held under Greek law convert to the new terms. The Greek government will come close to hitting the IMF/EU targets for debt...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
