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Greek Government Bonds Pay Off Big for Fund Managers
Keywords:
Value of new Greece bonds in trading after the bond swap of March 2012
07/01/2011
Grouped Articles
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
Fitch Raises Greece's Credit Rating
Wall Street Journal 05/15/2013
Greece Gets Rating Recognition
Wall Street Journal 05/14/2013
Greece Bulls Charge Into Corporate Bonds
Wall Street Journal 05/15/2013
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Wall Street Journal 03/12/2012
Greece- debt, credit ratings and borrowing costs- 2010-2015
03/29/2010
Investors returning to Greek bonds in 2013 because of higher yields in a low interest rate environment.
Grouped Articles
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
Fitch Raises Greece's Credit Rating
Wall Street Journal 05/15/2013
Greece Gets Rating Recognition
Wall Street Journal 05/14/2013
Greece Bulls Charge Into Corporate Bonds
Wall Street Journal 05/15/2013
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
In Crucial Test, Greece Raises $6.7 Billion in Bond Sale
New York Times 03/29/2010
The final terms of the Greek debt swap in March 2012
06/30/2011
The final terms of the swap of new bonds with longer maturities and lower interest rates for old bonds, at a fraction of the face value (estimated at 53.5%), become clear on March 9, 2012. Greece's government writes new collective action clauses to complete the deal with private bondholders.
Grouped Articles
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
Fitch Raises Greece's Credit Rating
Wall Street Journal 05/15/2013
Greece Gets Rating Recognition
Wall Street Journal 05/14/2013
Greece Bulls Charge Into Corporate Bonds
Wall Street Journal 05/15/2013
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Bond yields for Greece- 2012-2015
05/14/2013
Grouped Articles
Fitch Raises Greece's Credit Rating
Wall Street Journal 05/15/2013
Greece Gets Rating Recognition
Wall Street Journal 05/14/2013
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
Greece Bulls Charge Into Corporate Bonds
Wall Street Journal 05/15/2013
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Athens's Love Affair With the Euro Persists
Wall Street Journal 11/04/2013
The 436 million euro payment by Greece to bondholder holdout Dart Management on May 15, 2012
07/01/2011
The Greek government opted to make full payment to Dart fearing it would sue and tie up European bailout funds Greece needs. Other bondholders took a large haircut on their bonds under the March 2012 Greece restructuring deal. This is likely to worsen discontent in Greece before the second elections in June 2012.
Grouped Articles
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Bet on Greek Bonds Paid Off for a Vulture Fund
New York Times 05/15/2012
Greek Bonds Rally on Hopes of Buyback
Wall Street Journal 11/22/2012
Move Buys Time for Greece, But Growing Debt Looms
Wall Street Journal 07/01/2011
Similarities between the experience of Argentina in 2001 and the experience of Greece, Ireland, Portugal and Spain in 2010-2012
12/09/2010
The financial crisis in the euro-zone and a similar situation that prevailed in Argentina in 2001. Experts from that period are convinced that euro-zone bondholders will have to accept securities offering less interest and maturing over a longer period.
Grouped Articles
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Argentine Farmers Reap Discontent
Wall Street Journal 05/29/2014
What Greece Faces if It Defaults
New York Times 04/29/2015
If Greece Defaults, Imagine Argentina, but Much Worse
New York Times 06/25/2015
The Argentina Veterans Eye the Euro Warily
BusinessWeek 12/09/2010
Government debt: Behold 2011, the year of sovereign shocks
Economist 12/18/2010
Greece's debt crisis in 2012 after the agreement with private creditors to take 50% of the losses on Greek bonds is not enough to reduce debt to sustainable levels
06/30/2011
Bondholders accepting 50% of losses- as agreed with EU leaders in Nov-Dec 2011 -will not be enough for Greece to meet its debt obligations, because of a fast deteriorating economy. By March 20, 2012, 14.5 billion euros of bonds come up for repayment or refinancing. More money will be needed from the EU. The voluntary exchange by private creditors of existing bonds for new bonds with 50% face value and maturing over a longer period will be made under an agreement using English law. This will be harder to change in the future, putting the burden on any future financing shortfall on EU countries unwilling to make further commitments to Greece.
Grouped Articles
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Europe Fears Rising Greek Cost
Wall Street Journal 01/11/2012
Wall Street Journal 01/14/2012
Greece's Debt Buyback Plan in Dec. 2012
06/30/2011
Efforts to reduce Greek debt by 18 billion euros by retiring bonds with a face vaue of 28 billion euros. The buyback plan is at 32-34% of face value.
Grouped Articles
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
Fitch Raises Greece's Credit Rating
Wall Street Journal 05/15/2013
Greece Gets Rating Recognition
Wall Street Journal 05/14/2013
Greece Bulls Charge Into Corporate Bonds
Wall Street Journal 05/15/2013
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Greek Debt Buyback Looks Attractive
Wall Street Journal 12/04/2012
Performance of U.S. mutual funds investing in Greece's bonds
10/28/2013
Grouped Articles
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Greece Triumphs in Bond Odyssey
Wall Street Journal 04/11/2014
BNP Paribas, credit default swaps and bondholders for Greece's debt- tactics and asymmetry
11/19/2011
Grouped Articles
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Credit Default Swaps as a Scare Tactic in Greece
New York Times 11/19/2011
French Banks Thrust Into Limelight
Wall Street Journal 01/14/2012
'Voluntary' Greece Deal Seen Overstated
Wall Street Journal 01/20/2012
Bet on Greek Bonds Paid Off for a Vulture Fund
New York Times 05/15/2012
BNP Paribas Profit Crunched Amid an Overhaul
Wall Street Journal 08/03/2012
Lawyers Buchheit and Gulati who advised Greece's government on the bond restructuring deal in March 2012
06/30/2011
Buchheit and Gulati helped Greece achieve the bondholder write-off deal through the legal mechanism of writing a collective action clause. This was possible because Greece's bonds to private investors were issued under Greek law. Collective action clauses make it possible to ensure a deal is made even if some private investors reject it. A haircut for private investors with a bond swap was designed to reduce Greece's debt to a sustainable level.
Grouped Articles
Greek Bonds Soar After Fitch Upgrade
Wall Street Journal 05/15/2013
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
Policy âTroikaâ for Europe Financial Woes at Odds
New York Times 06/07/2013
Greek Government Bonds Pay Off Big for Fund Managers
Wall Street Journal 10/28/2013
Wall Street Journal 03/12/2012
A Bold Proposal to Offer Greece Some Financial Relief
New York Times 07/10/2015
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