Grenada 25: EMTA is recommending that flat trading commence on March 13, 2013

As you may be aware, Grenada announced on March 8, 2013 that it will begin discussions with its creditors regarding a restructuring of its public debt, and confirmed that it will not have the resources to pay the interest payments on its 2025 bonds due on March 15 (nor does it expect to have the funds to do so within the relevant grace period). EMTA Members may access the full text of the Press Release by Clicking Here; or you may copy and paste the following link into your internet browser:http://www.emta.org/WorkArea/linkit.aspx?LinkIdentifier=id&ItemID=7948

Accordingly, after consultations with major market participants, EMTA is recommending that flat trading commence on March 13, 2013 (unless otherwise agreed). EMTA Members may access the full text of the Market Practice recommendation by Clicking Here;or you may copy and paste the following link into your internet browser: http://www.emta.org/WorkArea/linkit.aspx?LinkIdentifier=id&ItemID=7952

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This e-mail was sent from EMTA, Trade Association For The Emerging Markets (eramirez@emta.org) to rolfjkoch@web.de.