Greek bond holders hire advisers to fight exchange, reports Bloomberg

Bloomberg reports that a steering group of Greek government debt holders, including Axa, Commerzbank, ING and National Bank of Greece, is close to appointing Blackstone to advise it in negotiations over the country’s exchange offer. The article adds that the group is also close to hiring White & Case and Allen & Overy as legal advisors. It says the group is hoping to reach agreement with the Greek government in early January. As a source points out in the article, the hires suggest that bond holders are fighting to improve on the government’s 50% offer.