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Before the announcement, "nobody knew" of the planned swap, said Mr. Kasyanov, who now leads an opposition group, the People's Freedom Party.
[World Business, Section W.] Liberty Media Accelerates Swap Liberty Media is accelerating a planned swap of nonvoting shares in the News Corporation for voting shares in the company.
The planned swap offer for private investors needs to be introduced soon so that it can be completed before March 20, when Greece has to redeem 14.5 billion euros in bonds or go into default.
Protests have also slowed down a rule that would have required companies to notify at least five banks when requesting a price for a planned swap, a requirement intended to create more competition.
The Central Bank raised interest rates after worries about the energy crisis had weakened the currency.See article: Energy rationing in BrazilArgentina received permission from the United States' Securities and Exchange Commission for a planned swap under which some $20 billion of its bonds expiring over the next three years would be exchanged for longer-dated bonds.
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Britain's Financial Services Authority issued some disapproving guidance about the practice last summer and has reportedly blocked a number of planned swaps since.If one path is blocked, bankers will try to find others.
According to the suit, Lord Black's company, Horizon Publications, did not yet own the newspapers it planned to swap.
Morgan Stanley had arranged to buy $2.3 billion in commercial paper, or short-term debt from Lucent, which it planned to swap for new shares of Agere.
Where BP had planned to swap stock, Exxon, which is based in Texas, agreed to give Rosneft assets elsewhere in the world, including some that Exxon owns in the deepwater zones of the Gulf of Mexico and on land in Texas.
Mr Putin's September announcement of a planned job swap with President Dmitry Medvedev seemed just another sign of regress and conceit.Belatedly, the Kremlin is trying to repair the damage.
Asked whether Greece planned to swap a big chunk of its bailout loans with a 50-year bond to provide additional debt relief, the minister said Athens is working on solutions.
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