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Just as a reminder of Greece's recent debt...>

GREECE
GREECE: Just as a reminder of Greece's recent debt market history.
- The 20 PSI bonds that are available to exchange in the debt swap were
originally issued in 2012 as holders of Greek bonds took a 53.5% haircut.
- In July 2017, Greece successfully sold a E3bln 5Y GGB. They regularly roll
over their T-bills, with little difficulty.  
- The debt swap is said to be intended to increase the liquidity of the GGB
market as the Greek programme expires in August next year. There should be no
fiscal impact from the upcoming debt swap.

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