Greece says 85.8% bondholders accept swap offer

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In Response To: Participation in Greek debt deal over 75%: AP ()

Greece says 85.8% bondholders accept swap offer (by V. Phani Kumar)

HONG KONG (MarketWatch) -- Greece said on Friday that bondholders with 85.8% of private sector debt have accepted its bond swap offer. The country will also activate collective action clauses in its bond agreements, which would effectively force all private bondholders to participate in the swap. Of the roughly €177 billion of bonds issued by Greece and subject to the offer, it has received tenders for exchange from holders of around €152 billion. The participation rate after the CAC activation is 95.7%.

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60% of Greek bondholders ready to swap: report

Participation in Greek debt deal over 75%: AP

Greece says 85.8% bondholders accept swap offer

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