An (extended) offer from Greece… | FT Alphaville

An (extended) offer from Greece…

Click for details. The Greek PSI bond buyback now closes at 12pm London time on December 11.


Now, is this supposed to be a veiled threat if investors choose not to tend their bonds? From the Greek debt office chief, Stelios Papadopoulos:

Investors should bear in mind that even if Greece accepts all bonds tendered in the Invitation, it will continue to engage with its official sector creditors in considering further steps to put its debt on a sustainable path. Future measures may not involve an opportunity to exit investments in Designated Securities at the levels offered for this buy back.

Related link:
A Dutch auction for Greece… – FT Alphaville