Bloomberg News

Greek Private Investors Are Slow to Commit to Debt Swap Offer, FT Reports

March 04, 2012

Private holders of Greek debt are being slow to take up the government’s planned debt swap offer, and even Greek creditors aren’t committing promptly to the deal, the Financial Times reported, citing unidentified people familiar with the situation.

The Institute of International Finance, representing private bondholders in the negotiations over the debt swap, said today that it endorsed the final terms of the deal, while leaving it up to individual investors to decide whether or not to participate in the deal.

To contact the editor responsible for this story: Blanche Gatt at bgatt@bloomberg.net


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