Jan. 24 (Bloomberg) -- Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said the coupon on Greek bonds issued in a debt swap with private investors should have a coupon “well below” 3.5 percent for the period to 2020.

The interest rate on the bonds should be below 4 percent “over the total period,” Juncker told reporters in Brussels today.

To contact the reporter on this story: Josiane Kremer in Brussels at jkremer4@bloomberg.net

To contact the editor responsible for this story: Patrick Henry at phenry8@bloomberg.net