Bloomberg News

Greek Debt Deal Sees 50% Haircut in Notional Debt, Official Says

October 27, 2011

Oct. 27 (Bloomberg) -- The writedown on Greek debt agreed with bondholders is based on a 50 percent haircut in notional debt, a European official said.

The structure of the debt swap will be finalized in coming weeks, said the official, who spoke on condition of anonymity.

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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