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Private holder of Greek bonds to demand payment or collateral
A holder of Greek bonds that were not settled in the biggest-ever
debt restructuring said he’ll demand immediate payment unless the
government posts collateral against his investment.
Rolf Koch, a
private investor who says he holds 500,000 Swiss francs ($528,000) of
the notes due in July 2013, argued that he’s entitled to equal treatment
with Finland, which made getting collateral a condition of contributing
to Greece’s second bailout.
He wrote to the paying agent, Credit
Suisse Group AG, invoking the bonds’ so-called negative-pledge clause,
according to the text of a letter seen by Bloomberg News. [Bloomberg] | 
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