10 Years Since the Greek Debt Restructuring

This year marks the 10-year anniversary of the Greek Debt Restructuring, the largest sovereign debt transaction in history.

The project was organized and executed, from a mechanical and technological standpoint, by Acupay’s sister company, Bondholder Communications Group (BondCom), in a consortium with the Hellenic Exchanges group. The exercise is regarded as unique up to the present day due to the cutting-edge technology and innovative legal and mechanical techniques that were utilized to achieve significant results in debt relief.

BondCom is no stranger to global bondholder initiatives and complex transactions, such as the Greek debt restructuring. The firm has over 3 decades of experience in facilitating communications with beneficial owners of debt securities. Since 2001, BondCom has been involved in liability management exercises amounting to over USD 1.855 trillion, including over USD 537 billion in sovereign deals. BondCom has substantial experience acting for, among many others, governments and public agencies in Argentina, Belize, the Dominican Republic, Italy, Peru, South Africa, the Philippines, Uruguay, Mexico, the U.S. Virgin Islands, and the United States.

Like the Acupay System, BondCom operates a data network that allows for end investor identifications, even when confronted with long cross-border chains of custody. BondCom sources data for planning purposes and executes the mechanical aspects of a transaction. BondCom has the technology and expertise to stand by the issuer throughout the entire process, from strategic planning to settlement.

For more information regarding the firm’s services, contact BondCom’s team via bteam@bondcom.com.