(BFW) Final Greek Debt Deal Hours Away, DJ Says
Yeehaw! It will be interesting to see the terms, how much Greece will save on interest vs current debt and how much on principal and the timing of the principal.
What will be most interesting is to see how many bonds have pre-agreed to this. An announcement that 200 billion of bonds have agreed would be impressive, and announcement that the deal covers 205 billion of bonds would be less impressive – we need to see what the agreement rate is. I assume banks will agree since they have no choice. Insurance companies, mutual funds, and hedge funds will be the key.
+——————————————————————————+
Final Greek Debt Deal Hours Away, DJ Says
2012-02-01 16:52:06.58 GMT
By Joshua Fineman
Feb. 1 (Bloomberg) — DJ cites Greek FinMin official.
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Joshua Fineman at +1-212-617-8953 or
jfineman@bloomberg.net