Greek finance ministry source: bond swap pending

Tuesday, 14 November 2017 20:33
UPD:20:48
EUROKINISSI/ΣΩΤΗΡΗΣ ΔΗΜΗΤΡΟΠΟΥΛΟΣ

An unnamed finance ministry source in Athens on Tuesday was quoted as referring to a pending swap of 30 billion euros worth of bonds dating to the PSI, and with a maturity of up to 2042.

According to reports in the Greek capital, the swap will be achieved with new bonds of five, 10, 15 and 20-year maturities. The yield will be fixed and calculated in such a way as to render the transaction neutral, for both bond holders as well as the Greek state.

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