Bloomberg News

Greece’s Venizelos Says NPV Loss in Debt Swap Could Top 70%

January 31, 2012

Jan. 31 (Bloomberg) -- Greek Finance Minister Evangelos Venizelos said the country’s private sector creditors could take a loss of more than 70 percent of the net present value of their bonds.

“We’re talking about a greater PSI than originally foreseen in July,” Venizelos said in Parliament in Athens today. “We’re talking about a 50 percent cut on the nominal value, and a loss on the net present value of more than 70 percent.”

To contact the reporter on this story: Antonis Galanopoulos at agalanopoulo@bloomberg.net

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


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