More on the Greek deal: Though confident a creditor deal with Greece will get done, Marathon's...

|By:, SA News Editor

More on the Greek deal: Though confident a creditor deal with Greece will get done, Marathon's Bruce Richards expects the country will not make a €14.5B scheduled bond repayment on March 20. The new bonds will pay interest of 4-5% with 20-30 year maturity - the net present value of which amounts to about €0.32 on the euro, Richards says.