Tag Archives: Greece

Standard and Poor’s upgrades Greece credit rating

Greece was upgraded from “selective default” up to B minus with a stable outlook on Tuesday by the ratings agency Standard and Poor’s. S & P said that they decided to lift the rating citing the country’s successful completion of a bond buyback scheme last week, which was part of a deal reached with the EU and IMF as a condition for Greece to receive further financial aid. A total of...

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December 18, 2012 @ 9:37 pm

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Euro surges to 6-month high after Greece launches bond buyback offer

Markets reacted positively to details behind Greece’s debt buy- back plan, where Greece will offer a modified Dutch bond auction for an exchange of up to 10 billion euros for EFSF six month notes priced between 32.2 percent and 40.1 percent of face value.   The price range set today to buy back bonds is well above market expectations, and is aimed at attracting sufficient investor...

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December 3, 2012 @ 2:29 pm

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Euro surges to 6-month high after Greece launches bond buyback offer

Markets reacted positively to details behind Greece’s debt buy- back plan, where Greece will offer a modified Dutch bond auction for an exchange of up to 10 billion euros for EFSF six month notes priced between 32.2 percent and 40.1 percent of face value.   The price range set today to buy back bonds is well above market expectations, and is aimed at attracting sufficient investor...

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December 3, 2012 @ 2:29 pm

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Euro near month high versus sterling

Euro rose near a one-month high against the British pound in Monday’s European trading session as optimism for a Greek debt deal buoyed the single currency. The euro traded around 80.92 pence, near a one-month high of 81.085 pence struck on Friday. European finance ministers and international lenders are meeting for a third time this month today to try and conclude a deal to release the next...

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November 26, 2012 @ 2:16 pm

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