Bloomberg News

Greek Swap Deal Means 74% Net Present Value Loss, Exane Says

February 21, 2012

Feb. 21 (Bloomberg) -- The agreement reached by Greece with its private creditors overnight represents a net present value loss of about 74 percent for bondholders, estimated Guillaume Tiberghien, a London-based analyst at Exane BNP Paribas.

Tiberghien made the estimate by telephone today.

To contact the editor responsible for this story: Fabio Benedetti-Valentini at

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