Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece extends deadline for foreign bond swap

Greece on Friday said it had extended to April 4 a deadline for private creditors to swap foreign-law Greek government bonds they hold for new securities as part of a debt restructuring, confirming an earlier IFR-Reuters report.

"The Hellenic Republic decided to extend until 9.00 p.m. (CET) April 4 the expiration deadline for holders of each series of its bonds issued under laws other than Greek law and of bonds issued by state enterprises and guaranteed by the Republic, the finance ministry said.

Holders of about 20 billion euros in foreign-law and state enterprise bonds, or 69 percent of a total face value of 28.3 billion euros, had already accepted Greece's offer on March 9 and holdouts had been given until March 23 to decide.

Greece's bond swap known as private sector involvement (PSI) is meant to reduce its debt mountain.

On March 12 Athens swapped a nominal amount of 177 billion euros of government paper issued under domestic law for new securities, inflicting real losses of about 74 percent on private sector bondholders.

The exchange of foreign law bonds with new securities is set to be settled on April 11. [Reuters]

ekathimerini.com , Friday March 23, 2012 (22:58)  
Hoteliers hire firm to monitor illegal tourism accommodation
Construction crumbles by 80 percent in just five years
Cosco plans for ship repair unit at Salamina
Greek bourse benchmark closes at the days high
Major effort under way after floods in Serres
Local authorities, residents and members of the armed forces in Serres, northern Greece, worked together on Monday in an effort to limit the damage caused by the Strymonas River, which broke...
Golden Dawns No 2 released, as protests over trial linger
Just weeks before the leadership and around 70 members of Golden Dawn are to go on trial, the neo-Nazi partys second-in-command, Christos Pappas, was released from jail on Sunday as the 18-...
Inside News
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
INTERVIEW
Releasing migrants from detention centers not enough, says UN rights watchdog
The Greek government's shift on immigration is the beginning of what will no doubt be a difficult process, according to Jan Jarab, regional representative for Europe of the High Commission...
COMMENTARY
Tsipras needs rupture with far-left, not Brussels
Does Alexis Tsipras, the Greek prime minister, have the guts to break with his far-left faction? The countrys fate hangs on the answer to this question. Greeces immediate prospects are dic...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Cyprus soccer eyes reunion after 60-year divorce
2. Hoteliers hire firm to monitor illegal tourism accommodation
3. Construction crumbles by 80 percent in just five years
4. Cosco plans for ship repair unit at Salamina
5. Major effort under way after floods in Serres
6. Golden Dawns No 2 released, as protests over trial linger
more news
Today
This Week
1. ECB nerves fray on Greece as supervisors rile central bankers
2. Greek markets show all at risk should mistake trigger a default
3. Talks in Brussels continue but Greece and lenders 'not there yet'
4. Greece says not backing down on debt relief goal
5. European stock-index futures rise as investors look to Greece
6. Work on tram extension begins in Piraeus
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.