Friday, June 22, 2018
News: Page (1) of 1 - 03/07/12 Email this story to a friend. email article Print this page (Article printing at page facebook
More investors sign up for Greek debt relief
Investors holding $106 billion in Greek debt agree to participate in bond swap
By The Associated Press

BRUSSELS (AP) ' The banking group that has been leading the talks for a massive debt relief deal for Greece says investors owning euro81 billion ($106 billion) in Greek bonds have so far agreed to participate.

The Institute of International Finance said Wednesday that these investors own 39.3 percent of the euro206 billion ($271 billion) in Greek debt in private hands.

The 30 investors named by the IIF include 12 institutions that already signed up earlier this week.

The new participants bring Greece closer to the 66.7 percent voluntary participation rate Athens needs to force the deal onto holdouts.

The debt swap will see investors lose some 75 percent of the total value of their bonds.

A successful debt relief deal is key to Greece receiving a euro130 billion bailout and avoid bankruptcy.

Investors have until Thursday night to sign up to the deal.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines