Greece confirms repayment of €435 million of bonds

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LONDON (MarketWatch)--Greece's Ministry of Finance confirmed that it would repay approximately 435 million euros ($560 million)of bonds maturing Tuesday as part of debt owed to private creditors, including banks and a hedge fund, that opted not to participate in the European Union and International Monetary Fund-sponsored bailout of Greece's debt. The Financial Times reported that Greece has sufficient funds to meet the payment following its receipt last week of €4.2 billion as part of its second bailout agreement.
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