Bond Buyback

The Greek government will exempt the country’s struggling banks from a plan to use 10 billion euros ($12.9 billion) to buy back its bonds from investors at a big discount in a bid to write down debt by 20...

Greece is planning to spend 10 billion euros ($13 billion) to buy back bonds issued earlier this year in an attempt to cut its debt and trigger the release of 43.4 billion euros ($56.7 billion) from international lenders. The bond...