Bloomberg News

Goal Is to Complete Greek Debt Swap by Year End, Official Says

October 27, 2011

Oct. 27 (Bloomberg) -- A Greek debt swap agreed to with bondholders should be completed by year end, a European official said.

There will be discussions with banks on whether the new bonds will be under Greek law or U.K. law, said the official, who spoke on condition of anonymity. The euro-area rescue fund is one option for issuing collateral and there may be other options, the official said.

To contact the reporter on this story: Rebecca Christie in Brussels at rchristie4@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


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