Japonica Partners Now Bids For 13% Of Greek Bonds At A Lower Price

The mysterious Japonica Partners is back again with a renewed offer, which enlists a lower price for a major chunk of Greek debt. Earlier Japonica had bid for 9.9 percent of outstanding Greek Bonds issued in 2012 with a face value of $3.8 billion at minimum purchase price of 45 percent. The modified offer seeks to purchase about 4 billion euros, or $5.22 billion, in GGBs at a minimum price of 40 percent. The offer expires on August 1. Greece Faces Funding Gap of 3.7 Billion Euros The lowered offer comes in the wake of Greece’s troubled prospects of funding its…