Face Value Of Bonds Headlines

In about-face, Greece pays bond swap holdouts

ATHENS (Reuters) - Greece made a last-minute about-face on Tuesday and paid bondholders who rejected an earlier debt exchange, a move likely to upset creditors who accepted just cents on the euro in a historic bond swap. Greece opted to pay 435 million euros ($552 million) of a May 15 bond to holders who had refused to exchange their debt, despite insisting at the time of the offer in March that ...

David Cameron Warns Of Euro Break-Up Danger

The Prime Minister has admitted the there is a very real danger that Europe could face a single currency break-up unless urgent action is taken.Speaking in the House of Commons earlier Mr Cameron told ...

Greek exit could cost euro zone 100s of billions of euros

By Paul Carrel FRANKFURT (Reuters) - A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing ...

German debt returns dwindle as investors seek safety

LONDON (Reuters) - Investors in German bonds may soon get back less than they paid for the debt as they forego any profit and instead seek shelter from the euro zone's storm, driving borrowing costs for the region's safest issuer to unprecedented lows. German bonds are already offering next to no return after a political crisis in Greece and bad debts plaguing Spanish banks, added to concern ...

Sterling Biotech Said to Fail to Pay $184 Million of Notes

Sterling Biotech Ltd. (SLT) , a gelatin maker based in Mumbai, didn’t pay $184 million of convertible notes that matured yesterday, the biggest missed payment by an Indian company on debt that can be swapped for shares.