Greek Corporate Bonds Slump as Samaras Warns of Euro Exit Risk

Greek corporate bonds fell amid concern the nation could exit the euro area after elections this month, raising the risk of default.

Glass manufacturer Yioula Glassworks SA’s 185 million euros ($220 million) of 8.5 percent notes declined two cents on the euro to a record 88 cents, the biggest drop since the bonds were issued in May, according to data compiled by Bloomberg. The 500 million euros of 5.5 percent securities sold by Public Power Corp., Greece’s biggest electricity provider, fell 1.5 cents to a low of 78 cents.