Posted by keeptalkinggreece in Economy
A
private investor has announced a tender in order to buy less than 9.9%
of all Greek bonds. “Japonica Partners & Co. announces an invitation
by its indirect wholly-owned subsidiary Yerusalem Hesed, Ltd. for
eligible holders of certain series of bonds issued by Greece in 2012 to
sell the bonds for cash. The amount to be purchased will be up to €2.9
billion in face value which represents less than 9.9% of the total
outstanding €29.6 billion of Greece government bonds. The purchase of
the bonds by the acquirer would permit existing holders to monetize
their Greece government bonds.” said the firm in a statement.
According to BusinessInsider, Japonica Partners was founded in the late 80′s by former Goldman Sachs banker, investor, financier and philathropist Paul Kazarian.
According to Capital.gr Greek bank treasurers express reservations about the success of the bid.
According to BusinessInsider, Japonica Partners was founded in the late 80′s by former Goldman Sachs banker, investor, financier and philathropist Paul Kazarian.
Rhode Island Based Firm Announces Bid For Massive Amount Of Outstanding Greek Debt
A firm called Japonica Partners has announced a tender offer for 10% of all Greek government bonds.Full statement here and here.
FT Alphaville reports that the firm, which is based in Rhode Island, was founded in the late 80s by former Goldman banker Paul Kazarian.
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