Greece has successfully completed the debt swap deal with market participation at 95.7%. This comes after 85.8% of bondholders, who cumulatively held 172 billion euro, accepted the bond swap offer.
While debate still rages as to whether Greek will default or not, Callum Henderson, managing director and global head of foreign exchange research at Standard Chartered Bank tells CNBC-TV18 that Greece is just not out of the woods yet. He says that markets are likely to react mixed.
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