Reuters: Market News: Greece clears state guarantees for new bonds-govt source

Reuters: Market News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Greece clears state guarantees for new bonds-govt source Apr 11th 2012, 14:04 ATHENS, April 11 | Wed Apr 11, 2012 10:04am EDT ATHENS, April 11 (Reuters) - Greece's cabinet approved on Wednesday the use of state guarantees to back up the value of the new bonds its banks have received as part a sovereign debt swap, a senior government source said. "The legislative act establishes contingent-convertible bonds (CoCos) and allows the use of state guarantees on the new bonds so that banks can book them at 100 percent of their value," the official told reporters.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions