The consent solicitation relating to Greek-law governed bonds
issued by the Republic prior to 31 December, 2011 (having an aggregate
outstanding amount of approximately Euro 177 billion) will seek the
consent of the affected holders to the amendment of these bonds in
reliance on Law 4050/2012 (the Greek Bondholder Act) enacted by the
Greek Parliament on 23 February 2012. The proposed amendments
provide for the redemption of the affected bonds in exchange for the PSI
consideration described above. Under the collective action procedures
2
introduced by the Greek Bondholder Act, the proposed amendments will
become binding on the holders of all the Republic’s Greek-law governed
bonds issued prior to 31 December 2011 identified in the act of the
Ministerial Council approving the PSI invitations, if at least two thirds by
face amount of a quorum of these bonds, voting collectively without
distinction by series, approve the proposed amendments. One half by
face amount of all the Republic’s bonds subject to the collective action
procedures will constitute a quorum for these purposes. The Republic will
also separately solicit consents in favour of equivalent amendments from
the holders of its foreign-law governed bonds and its foreign-law
guaranteed bonds in accordance with the terms of those bonds.The consent solicitation relating to Greek-law governed bonds
issued by the Republic prior to 31 December, 2011 (having an aggregate
outstanding amount of approximately Euro 177 billion) will seek the
consent of the affected holders to the amendment of these bonds in
reliance on Law 4050/2012 (the Greek Bondholder Act) enacted by the
Greek Parliament on 23 February 2012. The proposed amendments
provide for the redemption of the affected bonds in exchange for the PSI
consideration described above. Under the collective action procedures
2
introduced by the Greek Bondholder Act, the proposed amendments will
become binding on the holders of all the Republic’s Greek-law governed
bonds issued prior to 31 December 2011 identified in the act of the
Ministerial Council approving the PSI invitations, if at least two thirds by
face amount of a quorum of these bonds, voting collectively without
distinction by series, approve the proposed amendments. One half by
face amount of all the Republic’s bonds subject to the collective action
procedures will constitute a quorum for these purposes. The Republic will
also separately solicit consents in favour of equivalent amendments from
the holders of its foreign-law governed bonds and its foreign-law
guaranteed bonds in accordance with the terms of those bonds.
https://www.bondcompro.com/greeceexchange/genPressRelease.asp
issued by the Republic prior to 31 December, 2011 (having an aggregate
outstanding amount of approximately Euro 177 billion) will seek the
consent of the affected holders to the amendment of these bonds in
reliance on Law 4050/2012 (the Greek Bondholder Act) enacted by the
Greek Parliament on 23 February 2012. The proposed amendments
provide for the redemption of the affected bonds in exchange for the PSI
consideration described above. Under the collective action procedures
2
introduced by the Greek Bondholder Act, the proposed amendments will
become binding on the holders of all the Republic’s Greek-law governed
bonds issued prior to 31 December 2011 identified in the act of the
Ministerial Council approving the PSI invitations, if at least two thirds by
face amount of a quorum of these bonds, voting collectively without
distinction by series, approve the proposed amendments. One half by
face amount of all the Republic’s bonds subject to the collective action
procedures will constitute a quorum for these purposes. The Republic will
also separately solicit consents in favour of equivalent amendments from
the holders of its foreign-law governed bonds and its foreign-law
guaranteed bonds in accordance with the terms of those bonds.The consent solicitation relating to Greek-law governed bonds
issued by the Republic prior to 31 December, 2011 (having an aggregate
outstanding amount of approximately Euro 177 billion) will seek the
consent of the affected holders to the amendment of these bonds in
reliance on Law 4050/2012 (the Greek Bondholder Act) enacted by the
Greek Parliament on 23 February 2012. The proposed amendments
provide for the redemption of the affected bonds in exchange for the PSI
consideration described above. Under the collective action procedures
2
introduced by the Greek Bondholder Act, the proposed amendments will
become binding on the holders of all the Republic’s Greek-law governed
bonds issued prior to 31 December 2011 identified in the act of the
Ministerial Council approving the PSI invitations, if at least two thirds by
face amount of a quorum of these bonds, voting collectively without
distinction by series, approve the proposed amendments. One half by
face amount of all the Republic’s bonds subject to the collective action
procedures will constitute a quorum for these purposes. The Republic will
also separately solicit consents in favour of equivalent amendments from
the holders of its foreign-law governed bonds and its foreign-law
guaranteed bonds in accordance with the terms of those bonds.
https://www.bondcompro.com/greeceexchange/genPressRelease.asp
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