Vol­un­tary rollovers.

Kathimerini English - - Focus -

Of­fer­ing a guar­an­tee or col­lat­eral for Greek bonds is­sued to re­place ma­tur­ing debt may be a vi­able way of in­clud­ing bond­hold­ers in a sec­ond bailout for the nation, No­mura In­ter­na­tional Plc said. “Vol­un­tary rollovers into debt that has bet­ter credit than Greek gov­ern­ment bonds” would be “very pos­i­tive be­cause it is the clos­est thing to a durable so­lu­tion to the prob­lem,” an­a­lysts in­clud­ing Lon­don-based Lau­rent Bilke wrote in a note sent by e-mail yes­ter­day. “It should con­sid- er­ably limit the risk of a de­fault rat­ing. If it is part of the pack­age, it would be an im­por­tant pos­i­tive sur­prise for pe­riph­ery bonds.” Dutch Fi­nance Min­is­ter Jan Kees de Jager told re­porters yes­ter­day that min­is­ters meet­ing in Lux­em­bourg would dis­cuss in­cen­tives for bond­hold­ers to roll over their in­vest­ments in Greece. (Bloomberg)

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