Greek debt buyback misses goal

Author: Adam Button | Category: news

Author: Adam Button

  • Buyback attracted 32B euros
  • Avg price was 33.5 cents on the dollar
  • Operation fell short by around 450m euros
  • Buyback will reduce Greek debt-to-GDP to 126.6% vs 124% goal
  • Eurozone finance ministers will discuss next steps in a conference call this evening

Reuters headlines, citing ‘eurozone sources’

A 32 billion euro buyback missing by 450 million doesn’t seem like a big problem but it’s a complicated operation.