Bloomberg News

Greece Aims to Include All Sovereign Bonds to 2035 in Debt Plan

October 24, 2011

Oct. 24 (Bloomberg) -- Greece’s government aims to include all sovereign bonds maturing up to 2035 in talks underway in Brussels to reduce the country’s debt burden, a Greek government official said today on the condition of anonymity.

The official said the government was determined to seek a solution through deeper losses for bondholders on a voluntary basis and in a legally secure manner. Greece is opposed to any unilateral decision that would be seen as reconstruction of debt, he said.

The total amount of debt that is now being considered in the debt reduction plan is 205 billion euros, the official said. Greece is also seeking longer maturities and lower interest rates on the bilateral loans to be included in a new financing package, he said.

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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