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Greece to repay in full a 435-mln-euro bond issue

16. May 2012. | 10:52

Source: AMNA

Greece will repay in full a 435-million-euro bond under foreign law which was not included in a PSI program, maturing today, government sources said on Tuesday.

Greece will repay in full a 435-million-euro bond under foreign law which was not included in a PSI program, maturing today, government sources said on Tuesday.

The decision was made by the Greek government taking in mind prevailing conditions in the economy and markets, combined with domestic political developments.

Government sources said it was too risky for the country not to repay the specific bond as it could have a significant effect on the country's international image, while at the same time, it could leave room for maneuver by international creditors against Greece.

Greece faces another 6.0 billion euros in state bonds maturing this year which were not included in the PSI program

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