Sentences with phrase «tentative deal with creditors»
A tentative deal with creditors would halve the Hong Kong commodity trader's $ 3.4 bln of senior debt and give them 70 pct of the company.
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After a number of surprising twists, the recent Greek drama finally took an expected turn Monday, with news that Greece and its creditors struck a tentative deal — $ 96 billion USD in aid from Eurozone leaders in exchange for tough austerity measure — that would seemingly avoid a Greek exit from the euro currency.