Greece Hires BNP Paribas, Deutsche Bank, HSBC for Exchange
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Greece hired three banks to oversee its voluntary bond exchange and debt buyback plan, part of the European Union’s plan to stem the sovereign debt crisis.
BNP Paribas SA, Deutsche Bank AG and HSBC Holdings Plc will be joint dealer-managers, responsible for private sector involvement in the aid package, the Athens-based Finance Ministry said in a statement today. The lenders will provide a committed financing facility to Greece, the ministry said.