http://andreaskoutras.blogspot.com/2012/03/swiss-bond-bondholders-are-getting.html

ich werde am 28.3. in Zürich, Kongresshaus um 10:00 sein....treffen wir uns dort


Tuesday, 6 March 2012

The Swiss bond. Bondholders are getting
organised.
The Hellenic Republic has made
3 invitations in parallel. One of them concerns the one and only Swiss bond.
Issued by the Hellenic Republic and under Swiss law. It seems however that there
are many legal constraints and issues with this bond and bondholders are getting
organised. Here is their press release:The Hellenic Republic Swiss
Law-Governed Bondholders Invited To Join Ad Hoc GroupCHF 650,000,000 of 2
1/8% Bonds due 2013ISIN CH0021839524NEW YORK
(MARCH 5, 2012) -- Holders of the 2 1/8% Bonds 2005-2013 of CHF 650,000,000 (the
“Bonds”) issued by The Hellenic Republic (the “Republic”) have formed an Ad Hoc
Group (the “Group”) in response to the Republic’s recent Solicitation of
Consents (the “Solicitation”). The Group’s members hold a material portion of
the Bonds. The Group is concerned by the terms proposed in the Solicitation, and
the Group is exploring means to address its concerns and to protect the rights
of holders of the Bonds. Interested holders of the Bonds are invited to contact
the Group before acting on the Solicitation, through the Group’s legal advisor
Bingham McCutchen LLP. Given that 8 March is the deadline for submitting a
Participation Instruction, holders are urged to contact the Group’s legal
advisor quickly.Contact details are as follows:Bingham McCutchen
LLP399 Park AvenueNew York NY 10022Attn: Tim DeSienoEmail:
tim.desieno@bingham.comTel: +1 212 705 7426

http://andreaskoutras.blogspot.com/2012/03/swiss-bond-bondholders-are-getting.html