Greece’s private bondholders approve ‘voluntary’ debt swap


Global market sentiment was buoyed by the decision by more than 85% of private-sector holders of Greek sovereign debt to accept a ‘voluntary' restructuring of their securities. This will result in the net present value of private sector bond holdings declining by more than 70% (53.5% from an initial haircut and the remainder in the form of a lowering of coupon payments).

The Greek Ministry of Finance announced the development at around 6am GMT on March 9. Evangelos Venizelos, deputy prime

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: