Greek Samurai Bonds Signal Imminent Default as Rescue Hope Fades
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As Greece enters its final days of bailout negotiations, bondholders are losing hope they’ll be repaid.
A 20 billion yen ($165 million) Samurai note sold in 1995 falls due on July 14 and is quoted at less than 50 percent of face value, according to data compiled by Bloomberg. As recently as Friday, the 11.7 billion yen of notes outstanding were quoted above 60 percent and analysts said they were likely to be repaid.