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Greek Foreign-Bond Changes Nixed

Investors in $26.8 bln of bonds issued under foreign law reject restructuring proposal.

By John Glover, Bloomberg | Updated on April 03, 2012

Investors in Greek bonds issued under foreign law rejected the nation’s attempts to restructure the debt at talks last week.

In 20 out of 36 meetings, bondholders either turned down the government’s proposal, adjourned the talks or failed to achieve a quorum, according to a press release today from the Greek Public Debt Management Office.

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