Greek Debt Deal Will Force Bondholders To Take 'Voluntary' 70% Haircut |
| January 25, 2012 | January 2012 Bond Updates |
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Greece is back in the news again, as the government of Lucas Papademos negotiates the terms of the Greek debt restructuring, dubbed PSI, with the Institute for International Finance (IIF). Private bondholders are expected to take a 65% to 70% haircut, forced by retroactive collective actions clauses (CACs) that will probably spark credit default swaps, according to research by UBS. |
| View more at: http://www.forbes.com/sites/afontevecchia/2012/01/23/greek-debt-deal-will-force-bondholders-to-take-voluntary-70-haircut/ |
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