National Bank of Greece (NBG -3.3%) announces it will tender its Greek bond holdings as the...

|By:, SA News Editor

National Bank of Greece (NBG -3.3%) announces it will tender its Greek bond holdings as the government undertakes its buyback scheme. Athens plans on spending about €10B, offering 30%-40% of par for paper trading at even lower levels on the secondary market. For investors who bought during the darkest days, it's a windfall.