Court rules 2012 bond haircut legal and warranted

Photo from a March 2013 protest by bondholders.

The Council of State, the country’s highest administrative court, on Friday rejected an appeal by Greek bondholders seeking compensation for having to accept a severe haircut on the value of their investments in the debt restructuring that took place in March 2012.

Bulgaria's Government to Take A Loan

Bulgaria's Government approved the preparations for issuing state bonds at the international stock market, said the Government press office. 

The Government authorized Finance Minister Petar Chobanov to negotiate with the selected managing banks and the legal consultants, as well as to sign on behalf of the state all necessary documents.