Creditors accept lower rate on Greek debt: report (by MarketWatch)
FRANKFURT (MarketWatch) -- Private-sector lenders are ready to accept a coupon rate of less than 4% on new Greek bonds that will be issued in a voluntary debt swap, Greek newspaper Ethnos reported Wednesday without citing sources, according to Dow Jones Newswires. The report said private-sector creditors will submit a new offer with an average interest rate of 3.75% after Charles Dallara, head of the Institute of International Finance and a lead negotiator for private creditors, met with senior bankers in Paris on Wednesday. Dallara is set to resume talks with the Greek government in Athens Thursday. European finance ministers earlier this week rejected a proposed 4% coupon rate on new Greek bonds proposed by private-sector creditors.