Friday, June 8, 2007

Greek Pension Funds Accept Offer to Sell Disputed Bonds Back to JPMorgan

(Bloomberg) -- Four Greek pension funds that said
they were sold government bonds at inflated prices agreed to
accept a buyback proposal from underwriter JPMorgan Chase & Co.
after the government sweetened the bank's offer.

``We have received commitments in principle from all of them
to proceed with our proposed offer,'' Michael Golden, a spokesman
for New York-based JPMorgan, said in a statement.


Read more at Bloomberg Bonds News

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