Telegraph – The spread on Greek euro-denominated debt on Tuesday reached 408 basis points over German Bunds, leading fund managers to say the country will have to accept hedge fund orders if it is raise anywhere close to the amount it is thought to want to raise from a US dollar bond.
Hedge funds have been excluded from previous Greek bond issues this year. But, with a funding crunch imminent, Athens will almost certainly have to scrap this policy if the deal is to succeed.
