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On time, in full: Greece pays off major Japanese bond debt

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On time, in full: Greece pays off major Japanese bond debt

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The Greek government has paid off a major Japanese debt on time and in full.

The amount repaid – on Samurai bonds that matured on Tuesday – was close to around 11.7 billion yen (approximately 85 million euros), according to data compiled by Bloomberg.

The repayment is a sign that Athens is honouring its obligations after reaching a deal with creditors on talks over another international bailout.

While Greece failed to pay funds due to the International Monetary Fund (IMF), analysts say paying off the Japanese debt was essential as a default there could have had huge knock-on effects.