Japonica Partners Now Bids For 13% Of Greek Bonds At A Lower Price

The mysterious Japonica Partners is back again with a renewed offer, which enlists a lower price for a major chunk of Greek debt. Earlier Japonica had bid for 9.9 percent of outstanding Greek Bonds issued in 2012 with a face value of $3.8 billion at minimum purchase price of 45 percent. The modified offer seeks to purchase about 4 billion euros, or $5.22 billion, in GGBs at a minimum price of 40 percent. The offer expires on August 1.

Greece Faces Funding Gap of...

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