Don’t call it a boondoggle
FT Alphaville » PSI 2013-08-01
Summary:
Greece paid up to 40 cents in the euro for one of the bond in its buyback. Average price: 33.8 cents in the euro.
Or rather wants to pay. It has “advised… official creditors” that it wants another €1.29bn in EFSF notes to purchase all of the bonds tendered, up from the original €10bn.
The results, in table form via this release (click to enlarge):
Continue reading: Don’t call it a boondoggle