Our Business News

Business articles & tips that will guide you.

Facebook
RSS

ATHENS Greece will extend a debt buyback that forms part of its international bailout for an extra day to receive additional offers from bondholders, a government official said on Monday.

Athens plans to buy back bonds with a face value of about 30 billion euros at deeply discounted prices to lower its debt load. A deadline for bondholders to submit offers expired on Friday. A Greek government official said on Saturday that Athens had received offers of about that sum.

"There will be an official announcement later in the day," said the official on Monday on condition of anonymity.

According to Greek newspaper Ta Nea, Greece has received 26-27 billion euros in offers and will reopen the books to get about 3-4 billion more from Greek banks that are ready to provide the extra funding, Ta Nea said.

(Reporting by George Georgiopouos, writing by Harry Papachristou; Editing by John Stonestreet)

Comments are closed.

Thinking About Tradi

If Timothy Sykes and other successful traders have inspired you ...

5 Types of Online Co

Launching a business of any kind is an ambitious venture. ...

Top Three Financial

Your financial plan is of utmost importance. A comprehensive, well-detailed financial ...

Success in Small Bus

Small businesses rise up and fall at an astounding rate. ...

3 Best and Cost Effe

Your daughter wants it all – shoes, clothes, the latest ...