EBRD to take part in Greek banks' recap- fin ministry

October 30, 2015 3:27 PM

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ATHENS, Oct 30 Greece's finance ministry said on Friday the European Bank for Reconstruction and Development (EBRD) will take part in the recapitalisation of the country's banks.

It also said that the contingent convertible bonds (CoCos) the banks will issue as part of their recapitalisation will pay a coupon of 8 to 10 percent.

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