85.8% of private investors agreed to swap Greek debt.

Friday, 9 March 2012 02:13

Greek government informed that 85.8% of private investors holding country’s dept agreed to participate in bonds swapping.

 Thanks to that action the value of bonds will decrease by EUR 105 billion, which is the biggest debt restructuring in a history.

Remaining 4.2% of investors who did not agree to swap bonds will be forced to do it according to mechanism of CAC (Collective Action Clauses).

Successful negotiations over restructuring plan caused positive markets reaction.

Debt restructuring was one of conditions guaranteeing Greece 130 billion euros of rescue fund from EU, IMF and ECB.