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Greek 5-year CDS hits record high at 395 bps - CMA

LONDON, Jan 28 (Reuters) - The cost of insuring Greek government debt against default rose to a record high of 395,000 euros per 10 million euros of exposure on Thursday, according to five-year credit default swap prices from CMA DataVision.

The cost rose from 374,100 euros at the New York close, which was a record closing high, CMA said.

The premium investors demand to hold Greek government bonds rather than benchmark German Bunds came close to retesting the euro lifetime high of 373 bps set in the previous session.

On Wednesday, the heavily indebted country denied press reports it had chosen Goldman Sachs GS.N to sell up to 25 billion euros of bonds to China, removing what traders said was an important factor supporting Greek bonds. [ID:nLDE60Q2H8] (Reporting by Ian Chua)

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