A few investors held out, however, rejecting the swap offer accepted by 96.9 percent of bondholders who suffered a real loss of 75 percent. That left about 6 billion euros' worth of bonds that the Greek government must decide how to handle. The May 15 Hellenic Republic note was partially exchanged under the swap, with a remaining amount of 430 million euros to be serviced. It pays a coupon based on three-month Euribor +8 basis points.
"The bond will be paid,» the official, who did not want to be named, told Reuters. The official did not say why the government had decided to repay the bond or what Greece would do for remaining holdouts on other bonds. [Reuters]- Ekathimerini.com