Bond Market Highlights: China Ready to Buy Greek Bonds
To support Greece, China intends to buy Greek government bonds when the debt-laden country returns to market.
Greece’s shipping industry will be the key beneficiary of Chinese investments. For this purpose, China will set up a special US$5 billion shipping fund. The current yields-to-maturity (YTMs) are as follows: Greece'12 – 7.5%, Greece'15 – 9.4%, Greece'19 – 10.5%, Greece'24 – 9.2%.
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